{"id":1004150812,"date":"2016-08-24T05:07:04","date_gmt":"2016-08-24T13:07:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150812"},"modified":"2022-12-09T00:58:48","modified_gmt":"2022-12-09T08:58:48","slug":"economy-watch-the-e-commerce-juggernaut-rolls-on","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-e-commerce-juggernaut-rolls-on\/","title":{"rendered":"Economy Watch: The E-Commerce Juggernaut Rolls On"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/p>\n

\"Credit:<\/a>

Credit: eMarketer, World Retail Ecommerce Sales: The eMarketer Forecast for 2016<\/a><\/p><\/div>\n

Another report to worry some traditional retailers: e-commerce sales, long an increasing share of all retail sales, are still on that track in the next few years, according to a new eMarketer report<\/a>, \u201cWorldwide Retail Ecommerce Sales: The eMarketer Forecast for 2016.” eMarketer is a market research company specializing in digital marketing, media and e-commerce.<\/p>\n

Retail e-commerce sales\u2013which include products and services (except for travel, restaurant and event ticket sales) ordered via the Internet over any device\u2013will reach more than\u00a0$1.9\u00a0trillion worldwide in 2016, accounting for 8.7 percent of total retail spending. While the pace of growth for overall retail sales will be relatively subdued for the year (up 6 percent), the digital portion of sales continues to expand rapidly, with a 23.7 percent growth forecast for 2016.<\/p>\n

That’s just for this year. eMarketer also expects retail e-commerce sales will increase to about $4.1\u00a0trillion in 2020, when it will make up 14.6 percent of total global retail spending that year\u2013a much larger share of an only somewhat bigger pie. Older forms of physical retail, such as department stores and electronics vendors, stand to lose the most unless they can deeply reinvent themselves (perhaps by becoming more experiential).<\/p>\n

Retail e-commerce sales in North America will mirror the global trends, rising 15.6 percent this year to reach more than\u00a0$423.3 billion, noted the report. That growth maintains the region\u2019s status as the world\u2019s second largest e-commerce market after Asia-Pacific. North America will see consistent double-digit e-commerce growth through 2020, fueled by increased spending from existing digital consumers, expansion into new categories such as grocery, and growing m-commerce (mobile commerce) sales.<\/p>\n","protected":false},"excerpt":{"rendered":"

North America will see consistent double-digit e-commerce growth through 2020, fueled by increased spending from existing digital consumers and expansion into new categories.<\/p>\n","protected":false},"author":1023,"featured_media":1004150814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,23891,21742,21749],"tags":[],"class_list":["post-1004150812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-national","category-latest","category-retail"],"acf":[],"yoast_head":"\nEconomy Watch: The E-Commerce Juggernaut Rolls On - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-e-commerce-juggernaut-rolls-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: The E-Commerce Juggernaut Rolls On\" \/>\n<meta property=\"og:description\" content=\"North America will see consistent double-digit e-commerce growth through 2020, fueled by increased spending from existing digital consumers and expansion into new categories.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-e-commerce-juggernaut-rolls-on\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-24T13:07:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:58:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Screen-Shot-2016-08-24-at-9.04.25-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"341\" \/>\n\t<meta property=\"og:image:height\" content=\"311\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-e-commerce-juggernaut-rolls-on\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-e-commerce-juggernaut-rolls-on\/\",\"name\":\"Economy Watch: The E-Commerce Juggernaut Rolls On - 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