US online retail sales to reach USD 512 bln by 2020

Thursday 4 December 2014 13:41 CET | News

US online sales are expected to yield no less than USD 512 billion by 2020, according to intelligence issued by the global business advisory company FTI Consulting.

Additionally, the online sales will hit USD 300 billion in 2014 and USD 335 billion in 2015. The online channel’s share of total retail sales (excluding autos and gasoline) is now approaching 11%, as compared to 7.4% in 2010.

The online channel also accounts for approximately 15% of general merchandise, apparel and accessories, furniture and other sales (“GAFO”) category spending during the holiday season. Nearly three-quarters of the growth in sales will accrue to the online channel. The continued momentum of the online channel is led by mobile devices, which are a driving force in holiday shopping.

FTI Consulting is a global business advisory firm with more than 4,200 employees located in 26 countries.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: US, online retail, sales, rise, USD, 2020, prediction, Boost, ecommerce, customer
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events