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          1. Internet & Mail-Order Retail Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 9/7/2020
            SIC Codes: 5961
            NAICS Codes: 454110
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Internet & Mail-Order Retail Industry Profile

            Companies in this industry sell products directly to consumers via the internet, TV, or mail order. Major companies include US-based Amazon, eBay, Wayfair, and Qurate Retail Group-owned QVC and HSN, as well as The Very Group (based in the UK), Otto Group (Germany), Alibaba Group-owned Taobao (China), Walmart-owned Flipkart (India), and Rakuten (Japan).

            Online sales forecasts for 2020 will need to be revisited due to the impact of the coronavirus, which has stopped traffic to stores and resulted in a massive shift to online shopping. This is especially true for grocery stores, which, until now, had been the least penetrated ecommerce category. Longer term, consumer shopping habits across a broad range of products -- already in flux prior to the pandemic -- are likely to continue to migrate online (even after it's safe to return to stores), presenting ample opportunity for ecommerce merchants to thrive.

            Globally, annual e-commerce revenue was projected to top $3.5 trillion in 2019, an increase of about 20% over the prior year, according to eMarketer. While robust, growth in global online sales eased in 2019 after increasing nearly 23% in 2018 and by 28% in 2017. In the US, consumers spent $602 billion with US merchants in 2019, up 14.9% from nearly $524 billion, according to the US Department of Commerce. Growth is driven in large part by rapidly expanding mobile user bases in emerging markets, increases in mobile commerce sales, and the push ...

             
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