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Surprising Statistical Facts About Online Shopping!

Thinking about shopping? Choose online shopping!

Online shopping trend is becoming popular worldwide. Somehow, it is the number one trend to shop anything from fashion clothing to groceries, electronics, beauty products and much more. Along with the traction gaining worldwide, it is also generating huge revenue streaming these days which has completely changed our buying behaviour implanting utmost comfort.

There is no doubt, e-commerce is assumed to be one of the largest retail channels in the world that have suddenly risen in the last three years. People are now spending more time shopping online. Even E-commerce statistics say that people are now spending more money each time they shop online. CollectOffers did a survey on consumers worldwide where they found that the shoppers will spend up to $4.8 trillion online by the year 2021.

To get a more exact report on online shopping data, check on some surprising statistical facts allied with online shopping in the below infographic. 

1 # Growth In Online Retail Sales

The online retail sales have immensely seen a rise over these past years. Over the years the total online retail sales have risen steadily to $449 billion in 2017 from $231 in 2012.

This data implies that online retail sales are rising and daily more and more consumers are shifting to online shopping pattern instead of visiting the store physically.

2 # Age Group – Consumers Using Smartphones

The consumers aged between 25 to 34 use smartphones for in-store usage, reading articles, comparing rates, browsing millions of products and engaging with top brands on various social media site, rather visiting a physical store.

This leads to more dependency on smartphone and this is the reason many retail stores are offering a mobile application for their store so that consumers can shop easily at one go.

3 # Visiting e-commerce site are purposeful or not?

Only 13% of UK consumers know exactly what product they want to buy every time they visit an e-commerce website, while 42% does not always pay a purposeful visit to e-commerce portals.

This data shows the easiness of online shopping has allowed more purchasing and shopping of products whereas this won’t be possible on going to any physical product.

4 # What shoppers prefer?

Two-thirds of shoppers in the United Kingdom prefer to browse products and buy, while a one third looks for brands for varied products suggestion option. EmpathyBroker: “This is usually explained, about five, two people (43 per cent) agreed that they are more likely to make an unexpected purchase online than in-store.”

The majority of people first check on all the available products on the website and after analyzing fully, then they make a purchase whereas few others only search the branded item they love.

5 # What is the Percentage rate of E-commerce retail sales?

The overall percentage of E-commerce retail sales are, surprisingly small i.e., around 9% of sales in the US and 17% in the UK, but it is witnessing a sustained growth.

This data revealed that the UK is steadily increasing its online selling revenue as compared to other countries.

6 # Under what age group internet users of US fall?

Over 1/3rd of the total (195.3 million) internet users in the US comprises of adults over 50 years and above age group

This means older people above the age bracket of 50 shops more in the US.

7 # Is e-commerce flourishing in the UK?

E-commerce is reaching new heights in the United Kingdom, as 51% of consumers said they prefer to shop online instead of visiting physical stores. Over half of them agreed that they had shopped online more this year, as compared to 2017.

It clearly proves that online shopping with the growing years, people are more shifting towards online shopping for various reasons including the easiness of shopping by just sitting at home, the quick delivery, the discount & offers, multiple products at one place and much more.

8 # What option millennial shoppers prefer for the return of the product?

A majority (51%) of Millennial shoppers prefer to return online purchases to physical stores, while only 7% prefer to return via mail.

Different shoppers prefer different medium to return their product. Based on their convenience and easiness, millennials choose the return payment mode.

9 # Cyber Monday Sale

Cyber Monday sales in 2018 have surged with a record $7.9 billion spent online, an increase of 19.3% from a year ago.

During any sale period, the revenue collected on online products is more as compared to normal days.

10 # Quick Facts-

  • iVend Retail’s 2018 Global Path to Purchase survey reports “about 71.6% shoppers admitted on shopping via mobile phone during their free time,  about 60.1% access to a smartphone in physical stores.”
  • Furthermore, 54% of respondents agreed that they prefer shopping from physical stores only when retailers offer them special discounts via text messages, and the rest 43% reported that they never received such in-store mobile offers
  • Additionally, 91.4% of shoppers agreed to research products online before purchasing from in-stores, while 83.8% do just the opposite and more than half of them often choose to buy online/pick up in-store services.

The above analysis and facts collected clearly indicated that online shopping is the trend now and will rise in the future too!

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