Shopping [New] Online shoppers in India are expected to reach 220 million by 2025. [New] mcommerce sales are expected to surpass ecommerce sales this year. [New] The trend of giving and receiving gift cards is expected to continue as online shopping and digital gift cards become even more popular. [New] Shoppers are expected to splash a whopping £4.3bn this year on gadgets, clothes and toys - but more than two-thirds of sales will be made online. Retailers have fretted that another round of import of tariffs in mid-December could slow consumer spending this year, which has helped support the U.S. economic engine against global growth headwinds. Retailers should be pleased with projections for this year's holiday shopping season, especially online-Deloitte' s annual analysis predicts a 14% to 18% percent jump over last year, with total ecommerce sales rising to $144 billion. The rates burden on retailers is accelerating store closures, job losses and declining high streets and hindering the industry's ability to invest in the stores of the future and in new technology which will benefit UK shoppers. While M&S is rapidly losing sales and closing shops, Primark is expected to account for £1 out of every £14 spent on clothing in the UK this year. Online sales are predicted to grow to $765 billion in the next 3 years. Apple Pay is expected to be the most popular mobile payment method for U.S. shoppers by year's end, with 30.3 million U.S. users, compared with 25.2 million for the popular Starbucks payment app. In China, 600 million people will use their phones to make mobile payments as of the start of 2019, about 550 million people will regularly use their smartphones to shop online, and about 200 million people will use bikesharing services. When global e-commerce sales are expected to break £2.2 trillion in 2019 and 51% of UK consumers prefer online shopping over going to physical storefronts, it's a given that more vape retailers will offer their products over the internet this year. U.S. shoppers will spend a total of $8.8 billion this year on Halloween, slightly down from last year's $9 billion. About 81% of smartphone users in China will use mobile payments this year, compared to just 27% in the U.S. In the UK grocery sector, the rise of online sales is particularly significant, with transactions more than doubling between 2010 and 2016, and total value rising to a forecasted £196.9 billion in 2021. A 2017 study from Nasdaq on e-commerce and online shopping showed that around 22% of the world's population purchases online, and that by 2040, e-commerce will account for 95% of all purchases. Sustainable product sales reached $128.5 billion in 2018, up 20 percent from four years prior; Nielsen projects 2021 to cash in on $150 billion worth of sustainability sales. Global eCommerce sales will reach $4.8 trillion by 2021, and 2.1 billion shoppers will buy goods and services online. Families in the United States are expected to spend more on back-to-school shopping this year than last. Consumers are flocking to eCommerce, and more than 230 million U.S. consumers are expected to be shopping online by 2021. By 2021, the number of smart speaker shoppers will grow to 38 million. Concerns over Amazon's issues with fake product reviews may be giving other retailers an edge: 44% of shoppers say fake reviews will impact their participation in Prime Day 2019, and 37% say they are cautious about shopping on Amazon. The rise of online shopping has proved as beneficial to legitimate consumers as it has to counterfeiters, with the sale of counterfeit goods now expected to reach $1.8 trillion by 2020. See full forecast Last updated: 08 December 2019 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
