Quote:
Originally Posted by
tableplay
Alan, internet commerce accounts for only 10% of all sales transactions. bigger
Internet sales grew to 13% in 2017 (30% more than what you stated) and accounted for 49% of the growth. The growth rate of internet sales last year was 16% the highest growth rate since 2011.
That would mean total sales in e-commerce in 2017 experienced a marked increase from 11.6% in 2016.
If a store loses 4% of its business, particularly a large business, it may seem like a small number but actually it's a tremendous loss.
Sears is probably then next huge chain to surrender. There have been rumors about them completely disappearing for years. They're very close to bankruptcy.
Right now, one of the main things propping up brick and mortar store sales is that as Christmas gets closer and closer consumers fear that something will go wrong with the delivery of their internet purchase and so they buy from a physical store. If delivery systems continue to improve and that fear lessens there will be more pain for brick and mortar.
https://www.digitalcommerce360.com/a...ommerce-sales/