Tag: E-Commerce

U.S.-based online seller growth tops 20 pct in international sales

Posted by | Aug 13, 2007 | |

International sales and shipments made by U.S.-based eBay sellers grew 20.1 pct in the past year, up from 14.3 pct the previous year, the fastest growth in three years, says MyStoreMaps.com, a company that tracks worldwide shipping. Growth outpaced other countries mainly because of a weaker U.S. dollar, MyStoreMaps reports.

EBay sellers in all major western economies are seeing increased growth in international sales, says Brian Lawe, president of MyStoreCredit Inc., the parent company of MyStoreMaps.com

MyStoreMaps’ numbers are based the company’s data set of more than 3 million shipments made between buyers and sellers in 162 countries. Sellers outside the U.S. experienced growth at only half the rate of U.S. sellers. “For the same time period, the rate of growth in shipments for all non-U.S. sellers was only 10.6 pct,” Lawe tells Internet Retailer.

The ramp-up for international sales is three to four years behind domestic e-commerce sales, Lawe says. He attributes the past year’s growth to “a lower U.S. dollar rate, primarily, and buyers who have become very comfortable buying online from sellers in their own country.”

Trust has been the main obstacle to more international buying, Lawe says. As shoppers become more at ease buying from e-retailers in their own country, they begin to experiment. If nothing bad happens with their first overseas purchase, subsequent buys become easier, Lawe adds.

The most popular countries that U.S.-based eBay sellers ship to are Canada, at 28 pct ; United Kingdom, 20 pct ; Australia 10 pct ; and France, 6.5 pct , says Antoine E. Hall, vice president, operations and client services at MyStoreCredit.

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US e-retail sales have climbed 23 pct in a year

Posted by | Aug 7, 2007 | |

The comScore report on US e-commerce spending for Q2 2007 showed that non-travel (i.e. retail) e-commerce grew by 23pct compared to one year ago, reaching some US$27.2 billion.
Over the same period, online travel spending increased by only 14pct to USD 20.3 billion, and total US e-commerce spending climbed an average of 19pct to reach USD 47.5 billion during the year. fmansilla This article is copyright 2007 TheWiseMarketer.com).
E-retail rebounding

According to Gian Fulgoni, chairman for comScore, “Retail e-commerce rebounded solidly in the second quarter after a modest start to the year. After posting 17pct growth year-on-year in Q1 2007, retail e-commerce sales grew by 23pct year-on-year in Q2 2007, continuing to match the growth rates seen over the past couple of years.”
The top-gaining e-commerce category in Q2 2007 was video games, consoles & accessories, which jumped by 159 pct on the strength of Nintendo Wii and PlayStation 3 sales. Sport & fitness also saw substantial gains (up 58 pct), followed by consumer electronics (up 51pct ) and event tickets (up 44pct ).
US e-spending forecast

Total US online consumer spending reached USD 170.8 billion in 2006, with non-travel spending accounting for USD 102.1 billion of that. Based on the first-half growth rates for 2007, total US online consumer spending is forecast to reach a milestone of USD 200 billion in 2007.
“Even factoring in the moderate growth rates from Q1 2007, we are currently on target to break the USD 200 billion mark in 2007,” explained Fulgoni. “However, in the past, we have seen growth rates accelerate as the year progresses, culminating with the online holiday shopping season, so the USD 200 billion forecast may even turn out to be a conservative estimate.”

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Bills, Statements and Payments – Paper and Electronic Delivery

Posted by | Aug 4, 2007 | |

The adoption of electronic bills, statements and payments has grown significantly in recent
years, as has the explosive growth in Internet penetration, the evolving consumer
preferences for new media, and a determined push by financial institutions to convert users
from paper to electronic. Most forecasters, observers, and the general press typically
characterize these electronic options as severely and negatively affecting the volume of
bills, statements and payments that are mailed. Is there reliable industry data that can be
used to check these assertions? Are the quantifiable trends universal or do they vary by
region? Exactly how have electronic alternatives impacted user preferences so far and how
will they continue to impact mail volumes in the foreseeable future?
Much has been written in recent years about the rapidly rising adoption of electronic bills,
statements and payments. However, few attempts have been made to systematically review all
available research and make sound predictions, especially pertaining to mail volumes and the
expected growth of electronic alternatives2. This paper first defines several terms and delineates
the scope of this study. Second, the paper analyzes the U.S. and European landscape vis-à-vis:
the adoption rates of electronic bills, statements and payments, and the evolution of the
corresponding mail volumes. Third, the paper examines how consumers prefer to receive and
pay bills so as to provide an outlook on the future of paper vs. electronic methods. Finally, the
paper looks at the progress billers have made to effectively institute and establish new bill,
statement and payment mechanisms.

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French e-retail growing at 42 pct

Posted by | Jul 30, 2007 | |

E-commerce in France is growing at 42 pct according to the French e-commerce association ACSEL. The industry turned over 2.7 billion Euros during the second quarter of 2007.

This growth is partly due to an increase in the number of e-retailers as well as French shoppers’ growing confidence in e-retail. Some 19 million people now shop online, an increase of 22 pct over the same period last year.

E-commerce in France is growing at 42 pct according to the French e-commerce association ACSEL. The industry turned over 2.7 billion Euros during the second quarter of 2007.

This growth is partly due to an increase in the number of e-retailers as well as French shoppers’ growing confidence in e-retail. Some 19 million people now shop online, an increase of 22 pct over the same period last year.

Further details of the French e-retail market is available (in French) on ACSEL’s site. A delegation from the Association will be visiting the Internet Retailing conference in London on 2 October and is keen to meet with UK e-retailers.

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