From Home Furnishing Business
Fast Fact: Internet Sales, 8.6% of Total Retail Sales in 2017
2018 by Laurie Northington in Economic News, Industry
Internet sales of all consumer products from all retail types of outlets, whether brick and mortar or e-commerce companies, are estimated to have reached $437.5 billion in 2017, according to data from the U.S. Census Bureau and the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.
The reported internet sales represent only 8.6 percent of all retail sales for all consumer products, but the number increases every year.
To gain more of a market share, e-commerce companies are moving into store fronts and print catalogs to challenge the customer experience of traditional brick and mortar retailers.
For an in-depth look at the data, click here.