Online retail set to grow 129 in five years: related news

Online retail set to grow 129% in five years

Online retails sales are expected grow by 129 per cent over the next five years, however, the UK retail industry is losing out on more than £2.3 billion in revenue a year by failing to optimise e-commerce strategies, according to a new report from Verdict Consultancy.

Online retail survival: Back to basics

Online retail has boomed over the last two years with at least 1014 online stores active at the end of 2007, according to Word Wide Worx Executive Summary on Online Retail in South Africa 2007. What does this mean for online retailers?

Spb Online Games Released

"Spb Software, the world's leading maker of Windows Mobile applications announces the release of Spb Online Games as a separate suite. Originally, part of Spb Online - a set of online services under one roof, which attracted over 15,000 users in under two weeks (at the rate of more than 1000 users per day) - Spb Online Games is a collection of four instant online games, supplemented with an online chat service. Spb Online Games makes it possible to play two versions of Checkers, Hexagon, or Reversi with real people from virtually anywhere in the world, in real-time. Any online game can be launched within 30 seconds and if interrupted – continued from the spot it was left off. The service already has thousands of registered players on the network, with each potential opponent equipped with a configurable user profile (might include pictu

Creative Launches Its First UAE Online Retail Store

Creative Technology Ltd., a worldwide leader in digital entertainment products, today announced the launch of its robust new online retail store that is now live for the UAE customers. The online store http://ae.store.creative.com will provide easy access to information, product and prices availability, and a easy-to-use interface to facilitate web purchases. Leonard Yap, Marketing Manager for Creative Labs Middle East said, “Creative’s new online presence is part of the team’s ongoing makeover to drive customer service at all levels. We’re excited as the online store will empower customers with the ability to make purchases online and enjoy doorstep delivery.’’ He added by saying, “the virtual retail store will include a comprehensive catalogue of our products portfolio and will feature exclusive products and offers from ti

Study Shows Retailers Believe Online Shopping More Resilient

According to The State of Retailing Online 2008, the 11th annual Shop.org (a division of the National Retail Federation) study conducted by Forrester Research Inc., 72 percent of online retailers believe that the online channel is better suited to withstand an economic slowdown than offline channels. "Internet retailers have good reason for optimism as budget-focused shoppers head to the Web for value and convenience," said Scott Silverman, executive director of Shop.org. "Online retailers are well-positioned to make the best of a potentially lean holiday season." About one-third (35 percent) of online retailers surveyed said they expect their online business to perform better than expected in the next 12 months, while another third (33 percent) anticipate their online business will perform the same as expected.

Sales will suffer in Q4, but less online than off, Retail Forward predicts

At 1.5% growth over a year earlier, holiday sales this year will be the weakest since 1991, when sales grew 1.2%, TNS Retail Forward projects. Online retail sales, however, will grow 9%, low by industry standards but a lot stronger than total sales, the research company predicts. Retailers will suffer this holiday season, but online retailers less than others, consulting and research company TNS Retail Forward forecasts.

L'Occitane USA Selects Mercent to Expand Online Sales

SEATTLE, WA -– September 30, 2008 -- Mercent™, a provider of online marketing technology and services for retail merchants, today announced that L’Occitane USA (usa.loccitane.com), a leading provider of natural beauty products, has selected Mercent’s hosted marketing services to expand their online sales presence. L’Occitane joins the growing list of top retail brands that utilize Mercent`s on-demand platform, Mercent Retail™, to maximize online sales, profits, and merchandising control through leading online marketing channels.

Online Banking Report Publishes "2009 Planning Guide for Online and Mobile Banking:...

Online Banking Report Publishes "2009 Planning Guide for Online and Mobile Banking: Doing More with Less" SEATTLE--(Business Wire)-- Online Banking Report has published its 14th annual planning issue entitled 2009 Planning Guide for Online and Mobile Banking: Doing More with Less. The focus this year is helping financial institutions navigate through the strangest business planning cycle in six decades. While much of the road to recovery is outside the control of financial institutions, this report focuses on the many opportunities for smart and nimble players to gain ground. The 2009 Planning Guide highlights how technology and online techniques magnify the impact of shrinking budgets while supporting marketing efforts to increase brand confidence.

Online Retail Tools

Should you set up shop on the Internet? That's a no-brainer. Launching a Web store lets you sell to a worldwide audience, seven days a week, at any time of day or night, holidays included. That helps explain why online sales in the United States grew 19 percent in 2007, to more than $136 billion. Customers also frequently turn to online stores as educational tools. A recent study by Forrester Research (NASDAQ:FORR) found that half of all customers who were considering purchases began their research online. Those customers were also more likely to ultimately buy the products online.

Online spending in the U.K. will grow 15% this year, trade group projects

Online retail spending in the U.K. will grow 15% this holiday season over last, reaching £13.16 billion (US$19.8 billion), projects the Interactive Media in Retail Group, a London-based trade association for online retailers.

Online retail sales set to rise 15% this Xmas

Online retail sales will rise to £13.16 billion in the last quarter of the year, representing a 15% rise year-on-year, according to the IMRG Capgemini e-Retail Sales Index.

Doom and Gloom for Retail Sales, Both Online and Off

While I haven’t seen revisions of the rosy 10%+ growth predictions for online sales from a number of research firms, Piper Jaffray’s October Research report on ‘The Turbulent teen years of eCommerce’ explains the harsh reality of the current economic environment. While Piper Jaffray expects “online sales to continue to take consumer wallet share from bricks and mortar stores, growing 5%-6% faster than total retail sales in the near term,� that doesn’t mean much when total retail sales are slumping dramatically:

Online Banking Report publishes "New Techniques for Secure Online Finance: Sandboxing, keyboard encryption, and real-time mobile integration could lock in more online customers"

Online Banking Report publishes “New Techniques for Secure Online Finance: Sandboxing, keyboard encryption, and real-time mobile integration could lock in more online customers”

Online Banking Report Publishes "New Techniques for Secure Online Finance: Sandboxing, Keyboard Encryption, and Real-Time Mobile Integration Could Lock in More Online Customers"

TMCNet: Online Banking Report Publishes "New Techniques for Secure Online Finance: Sandboxing, Keyboard Encryption, and Real-Time Mobile Integration Could Lock in More Online Customers"

Asia's online travel sales to grow 90% in 10 years

Online travel sales in Asia will grow about 90 per cent over the next 10 years, say industry experts, with China, India, Indonesia, Hong Kong and Vietnam leading the way.

Angels Online

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New Report Reveals Resilience Of Online Luxury Shopper In The UK

UK online retail sales are expected to grow at a compound annual growth rate of 12% through to 2012, according to the 2007 JupiterResearch Internet Shopping Model. A new report by affiliate marketing specialist LinkShare, in association with JupiterResearch, tracked the recent shopping habits of British consumers online and reveals the importance of a valuable British online consumer segment: the Online Luxury Shopper.

Virtual Skipper Online

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New growth pains for online shopping

A few years ago, online shopping began to boom as the increasing number of broadband connections and better understanding of online security issues sent more and more people online to make purchases. Now, however, the online boom is finally starting to slow, with year-to-year growth having dipped to single digits. That's in part the result of the slowing of the economy but also a factor is a new generation of internet shoppers with expectations that are actually ahead of what some sites can deliver. Web sites’ relationship with customers has become a key part of online shopping, says a new report from eMarketer, and consumers’ expectations have risen as sites look to add features like video capabilities, 3-D displays and virtual dressing rooms.

GOA - the online games unit of mobile phone company Orange - expects to create 400 jobs in Dublin over next five years

GOA, the online games unit of mobile phone company Orange, which is owned by France Telecom, today announced that it has established a Multilingual Customer & Operations Support Centre in Dublin creating a significant number of new jobs, with the support of Government through IDA Ireland. Up to 400 jobs may be created over five years.

Big Brown Box Set To Kickstart Online Retail War

A bold new experiment in the online retailing of brown goods and consumer technology gadgets is set to be rolled out by Radio Rentals It?s launch could spearhead an online war between 3 major retailers in Australia.

Big Brown Box Set To Kickstart Online Retail War

A bold new experiment in the online retailing of brown goods and consumer technology gadgets is set to be rolled out by Radio Rentals It’s launch could spearhead an online war between 3 major retailers in Australia.

A Sour Economy Wont Hurt Online Shopping"Or Alternative Payments

(November 12, 2008) Retail sales are slumping and stores are closing, but the online retailing channel—and thereby online payment transaction volumes—will come through relatively unscathed, according to a new report from Javelin Strategy and Research. Javelin’s latest online retail payments forecast predicts Internet retail purchases will total $148 billion this year, up 10.4% from an estimated $134 billion in 2007.

A Sour Economy Wonât Hurt Online Shoppingâ"Or Alternative Payments

(November 12, 2008) Retail sales are slumping and stores are closing, but the online retailing channel—and thereby online payment transaction volumes—will come through relatively unscathed, according to a new report from Javelin Strategy and Research. Javelin’s latest online retail payments forecast predicts Internet retail purchases will total $148 billion this year, up 10.4% from an estimated $134 billion in 2007.

Ballmer: We can catch Google in five years; we just dont know which five

Speaking to a Silicon Valley audience at the Churchill Club two years ago, Microsoft’s Steve Ballmer said the battle to surpass Google in the search market was a five-year job. At the same venue last night, Ballmer said it was still a five-year task, though he didn’t specify if the clock had been reset. As in 2006, Microsoft remains third in the search race, still behind floundering Yahoo, which remains a distant second to Google. The keys to catching up, Ballmer said, are time, lots of money and the kind of out-of-the-box thinking that enabled James T. Kirk to beat the Kobayashi Maru scenario. “You have to redefine the category,� Ballmer said. “We’ve taken some steps in that direction. … You don’t really brute force your way into any market.

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