Growth of Online Shopping Around the World Essay - 2022 Words

Introduction When Amazon.com launched its online retailing strategy in 1995 and began to reap benefits, many analysts viewed doing business and shopping online with great optimism (Denise, 2004). They anticipated for a day when people would be able to order their shopping items from the comfort of their homes. Consequently, customers would see little or no need at all to physically visit traditional in-stores to make their purchases. It is now a decade and a half down the line and online shopping has taken the business world by storm with more and more companies opting to test the sweet waters of online retailing. Analysts foresee a rapid growth of online shopping in the next decade or so though some reports still show a significant†¦show more content†¦The 2010 results agreed with the trend that had been observed in the previous year where 46% of global consumers confirmed having purchased books online during a period of three months before. Within the same period, 41% of global consume rs said they purchased clothing online (Global Trends in Online Shopping A Nielsen Global Consumer Report , 2010). According to Global Trends in Online Shopping A Nielsen Global Consumer Report, (2010), more customers have showed increased willingness to use online services to purchase tickets for air travel and for making hotel reservations. While this is a sign of economic growth in most world economies, it also depicts the fact that the use of online services is spreading further to unexploited areas. In fact, the 2010 statistics by the Nielsen Company point to a 9% increase in the number of consumers intending to purchase airline tickets online from the previous year. In the future, online shopping is anticipated to take more dominance in the purchasing of products such as cosmetics, computer hardware, groceries, nutrition supplies, DVDs, and videos. Regarding the preference for online shopping, the report by Nielsen Company showed that about 33% of online customers preferred doing online shopping at retailers who only have an online presence. A good example is Amazon.com. However, a signific ant 20% of online consumers said they would rather shop at sites that allow bothShow MoreRelatedE-Commerce: Buying and Selling Online Essay examples1117 Words   |  5 Pagestransaction that involves transformation across the internet. In today’s world the internet is almost essential for anything you have to do especially shopping. There is not a successful company in America that does not use the ecommerce system in some type of way. For example have you ever shop online may be you have heard of Craigslist, EBay, Eastbay, or even Amazon all these or successful because of their ability to buy and sell online. 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Increases source of knowledge ICT allows students to access to information online shared by people all around the world, this allow them to get a better understanding. Also, allows students to research and have more understandingRead MoreShopping Malls Are Becoming Extinct948 Words   |  4 Pageswhen shopping malls were first built, it was expected to be â€Å"the gleaming symbols of America’s future.† Shopping malls were created to lure customers from the city into the suburbs; thus allowing shopping be done under one roof. However, according to recent studies conducted by Green Street Advisors, 10 percent of the nation’s 1,000 enclosed malls will fail by 2022. Although this may not seem detrimental, once the malls begin to disappear, shoppers will be limited to where they shop. Shopping malls