Advertisement

E-Commerce Sees Best Growth since Recession 

Feb. 11, 2013

E-commerce sales finally have rebounded to pre-recession growth rates, according to a report from Reston, Va.-based digital measurement firm comScore. Retail e-commerce sales grew 15 percent to $186.2 billion in 2012 paced by a Q4 total of $56.8 billion. It marked the first time in history that e-commerce sales exceeded $50 billion in a quarter. The fourth quarter of 2012 was the ninth consecutive showing double digit growth in U.S. e-commerce sales.

“2012 was a year in which—for the most part—e-commerce continued to grow strongly, despite an uneven macroeconomic environment showing signs of recovery but also cause for continued concern,” said Gian Fulgoni, chairman of comScore. “With e-commerce growth rates consistently in the mid-teens throughout the year, it is clear that the online channel has won over the American consumer and will increasingly be relied upon to deliver on the dimensions of lower price, convenience and selection.”

Also, according to comScore, as a percentage of total retail sales, e-commerce reached double digits (10 percent) in 2012 for the first time.

 Average 4 out of 5
 Your Rating:
Your Review:
  



      CS


  • CNP Expo: PSPs on the Rise - May 21, 2013
    Some 150 PSPs are now in operation, including disruptive players like Square that are capturing a target market of young business people who have been overlooked by traditional financial institutions.
  • CNP Expo: Unique Fraud Challenges for Digital Goods Retailers - May 21, 2013
    For digital merchants, turning away legitimate business through fraud prevention measures is riskier to the life of their business than allowing a few fraudulent transactions, but fraud prevention remains a priority, since customer account takeovers and a high volume of fraud can close down a merchant site.
  • ZooZ Nets $2 Million in New Financing - April 25, 2013
    The company said it will use the proceeds of the financing to “add new product functionality, increase traction with retailers, solidify new partnerships, and otherwise build its presence” in the global payments market.
  • PayPal Q1 Revenue Up 20% - April 22, 2013
    PayPal parent eBay reported first-quarter earnings late last week and said payment volume processed by the unit rose 22 percent from the same period a year earlier to $41 billion. Revenue also increased, up 20 percent year-over-year to $1.5 billion.
  • Zipmark Enables Digital Checks - April 18, 2013
    Zipmark, a New York City-based startup enabling businesses that typically accept paper checks to accept e-checks online and via mobile, has partnered with Rearden Commerce to enable B2B online payments.


      CyberSource

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here