Home / Knowledge / News / Apparel/Garments / Global retail e-commerce continues to grow
Global retail e-commerce continues to grow
13
Apr '15
Retail e-commerce is maintaining its impressive growth irrespective of market size, according to the 2015 global retail e-commerce index published by AT Kearney, a leading global management consulting firm.
 
The index highlights the big and the small: the countries that are always going to be e-commerce behemoths because of their size, and the smaller yet still-promising markets where potential matters more than size. This dichotomy plays out in the results of this year’s index: The world’s largest markets for e-commerce dominate the top half of the top 30, led by the US, China, and the UK. In the bottom half are some smaller markets, such as Mexico, whose potential for growth is impossible to ignore.
 
Across the world, the past year brought a continuation of the impressive growth of retail e-commerce. Sales increased more than 20 per cent worldwide in 2014 to almost $840 billion, as online retailers continued expanding to new geographies and physical retailers entered new markets through e-commerce. Perhaps the biggest expression of this boom was in the stock markets, which gave e-commerce companies skyrocketing valuations. This was highlighted by Alibaba’s record-setting $25 billion initial public offering in September, which valued the China-based company at about $170 billion.
 
According to the survey, the boom has brought challenges. For one, both brick-and-mortar leaders and pure-play online behemoths are learning that the future of the industry is not merely online, but rather in creative omnichannel offerings that link online and physical shopping. The distinction between brick-and mortar and e-commerce are already beginning to fade. Brick-and-mortar stalwarts such as Walmart and Nordstrom continue to expand their online offerings, while online leaders from US-based Amazon to Singapore’s Zalora are stepping into physical markets. Those retailers that can manage to merge online and offline setups most seamlessly could prove to be the big winners.
 
The survey found electronic goods, apparel and books among the most popular online categories. In the past three months, 77 per cent of online shoppers have bought electronic goods, 76 per cent have bought apparel and 73 per cent have bought books. (SH)
 

Fibre2fashion News Desk - India


Must ReadView All

European Parliament approves agreements with Singapore

Textiles | On 15th Feb 2019

European Parliament approves agreements with Singapore

The European Parliament recently approved the trade and investment...

British PM suffers defeat on Brexit strategy in parliament

Apparel/Garments | On 15th Feb 2019

British PM suffers defeat on Brexit strategy in parliament

With Brexit just six weeks away, Prime Minister Theresa May suffered...

Courtesy: GOV.UK

Textiles | On 15th Feb 2019

UK, Switzerland sign trade continuity agreement

The United Kingdom and Switzerland recently signed in Bern an...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search