US Off-line Retail Sales Influenced by Online Browsing to Hit $1 trillion by 2011
Other Highlights from JupiterResearch's report US Online Retail Forecast, 2006 - 2001":
- Total off-line-influenced sales will reach 40% of total US retail sales by 2011.
- US online retail sales will plateau at 10% to 15% of total US retail sales, barring a dramatic change in the online shopping experience that promotes an inordinate spending shift among buyers.
- US online retail sales will grow by 16% in 2007 to reach $116 billion.
- Over the next five years US online retail will grow at a CAGR of 11% reaching $171 billion in 2011.
- US Online Retail Sales Will Grow By 16 Percent In 2007 But, As The Channel Matures, Growth Will Slow To Single Digits By 2010
Web influenced off-line sales will grow at a slightly faster pace over the next five years, reinforcing the vast advertising and marketing value retailer websites present.