As seen in the picture to the left. According to the US Census Bureau, 9.6% of all retail sales were from e-commerce sales during the second quarter of 2018. In 2008, e-commerce accounted for less than 4 percent of retail profits in the United States. That’s 10% higher than the post-recession low in 2010 of 14.4 million, and just 2% above the pre-recession high of 15.5 million in 2007. I for one love online shopping and think it’s amazing. 17% of 18-34 yr olds are now doing their weekly shop online vs only 8% of 55+year olds, and a massive 67% of the 55+ group would never consider shopping for their groceries online. In 2014, China’s online retail market became the largest in the world, accounting for 34% of the world’s internet retailing market share. We were able to analyze detailed retail industry employment data for roughly 700 counties, areas that account for 82 percent of jobs nationwide. In this piece, I’ll outline five different ways online shopping impacts retail companies. Retail during the last nine years has steadily been improving when it comes to e-commerce or online purchasing. Online shopping (or e-tail from electronic retail or e-shopping) is a form of e-commerce which allows consumers to directly buy goods and services over the internet through a virtual shop.Some of the leading online stores currently in India are Amazon, Flipkart, Snapdeal, Homeshop18, Myntra etc. Today, retailers face a tremendous amount of competition, more than ever before. Local shops are also set to be hit in the next five years, falling by 26% – or 34,587 shops – by 2018 as customers migrate to online shopping, retail parks and town centre stores, said the CRR. From 2007 to 2016, general retail employment went up by 2000 jobs, while e-commerce employment went up an estimated 11,000 jobs. Online shopping could reach 20% of all retail sales by 2025, so there is further disruption ahead for the sector. From the Apple Store, to Hermes, to Tesla, to newly renovated Neiman Marcus and Bloomingdales, there are incredible shopping experiences. This percentage was only 4.4% in the second quarter of 2010. Online Retail . E-commerce sales have been growing over the past decade at a rapid rate and the online retail economy is booming. The retail industry includes many different sub-sectors, ranging from groceries to clothing to furniture and beyond. A number of the leading online stores presently in Asian nation are Amazon, Flipkart, Snapdeal, Homeshop18, Myntra etc. The Internet has allowed millions of new startup retailers to launch with minimal resources. Jasper Juinen/Getty Images Online shopping now accounts for over 10% of all retail sales in the US, and it's no secret that it's affecting retail jobs across the country. Online shopping has forever changed our society and things are certainly not like they used to be. Brick-and-mortar retail is having a meltdown, and economists are starting to see the effects in the job market.. curbside pickup, subscription services) COVID-19 as a catalyst for tech adoption in retail and e-commerce How Is Online Shopping Affecting Retail Employment? Here’s an update on how the retail industry and consumers are responding. As e-retail entrenched itself in the first decade of the millennium, it jostled for space and began to push the traditional or brick-and-mortar retail towards the sidelines. To help retailers compete, UPS has commissioned research with comScore on what elements of the online shopping customer experience drive brand preference, 5. The western developed countries, however, are left far behind in terms of the volumes of China’s online shopping. Shoppers want to be in control Research from the University of Buffalo showed that 96% of the decline in shopping mall revenue was due to Amazon alone. So although the shift to online is not shining through right now, as the pre-internet generation declines the rise of online grocery shopping could become a lot more apparent. Employment data from the Bureau of Labor Statistics shows that total employment in the retail industry stood at 15.8 million in 2018. Online sales have reached 15 per cent of total sales in the UK this year. The job market looks like it doing well right now. Ecommerce orders continue to rise in April. As online retail growth continues to significantly outpace that of the overall retail market, retailers are raising the bar on customer service while consumers are becoming ever more demanding. Online retail sales are set to rise 17% this year to 204 billion dollars (Watershed Publishing, 2010, Paragraph 1). 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