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US
Online Retail Sales will reach over 200 Billion in 2006
Online
retail sales has been steadily growing on an average of 25% every
year.
Faster and lower cost Internet connections, combined with highly
affordable computers made it possible for over 85% of US households
to have used the Internet and researched on products online.
Also helping the steady retail sales growth on the Internet, are
the enormous online resources available for comparing products and
pricing, finding just the right ecommerce site to make a purchase,
and the convenience of shopping for the best available price.
Many people enjoy the sales tax savings when purchasing online, and
also the great availability and selection of manufacturers
and vendors.
Here
are some of the main reasons why consumers and businesses prefer
shopping online:
1. Better pricing
2. Larger product selections
3. Convenient, easy to shop around for selection of different vendors
and best prices
4. Many product review resources
5. Effortless product comparison
Studies
show that US Retail sales will reach over 300 billion in 2010.
| Year |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
| Billions |
$96 |
$140 |
$170 |
$200 |
$230 |
$260 |
$290 |
$330 |

US
Online Retail Sales in Billions from 2003 till projected 2010
There are several categories that show better performance than the
others.
Our survey shows that high tech products such as digital cameras,
camcorders, computer hardware and software, networking & accessories
won the battle of the most item sold in that category the second
largest sales was in the was in the music, books, CDs, DVDs & video
games category.
Here are some rough statistics of different categories and their
percentage of sales for 2006.


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