Online Retailing in 2005
Part 1: Traditional Retailers Should Dominate
Traditional retailers are quickly becoming the dominant retailers online because they are the best positioned to master the economics of online retailing and capture growing consumer demand. According to a new report from Boston Consulting Group (BCG), The Next Chapter in Business-to-Consumer E-Commerce: Advantage Incumbent, bricks-and-mortar retailers have a golden opportunity to use their inherent advantages to grow customer share dramatically.
The long-term prospects for online retailing are strong. Demand for goods and services online will continue to grow as consumers become more accustomed to multichannel shopping. Sales in the nine leading online categories have the potential to grow from $34 billion in 2000 to $168 billion by 2005. Most of the growth will take place in the leisure travel, grocery, and clothing categories.
source: http://retailindustry.about.com
Traditional retailers are quickly becoming the dominant retailers online because they are the best positioned to master the economics of online retailing and capture growing consumer demand. According to a new report from Boston Consulting Group (BCG), The Next Chapter in Business-to-Consumer E-Commerce: Advantage Incumbent, bricks-and-mortar retailers have a golden opportunity to use their inherent advantages to grow customer share dramatically.
The long-term prospects for online retailing are strong. Demand for goods and services online will continue to grow as consumers become more accustomed to multichannel shopping. Sales in the nine leading online categories have the potential to grow from $34 billion in 2000 to $168 billion by 2005. Most of the growth will take place in the leisure travel, grocery, and clothing categories.
source: http://retailindustry.about.com
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