Forrester research predicts US online retail sales to hit $334 billion

By

Obi Anyanwu

Published
Apr 29, 2015

Forrester research last week predicted that online retail sales in the United States will hit $334 billion this year, which is approximately 10% of all sales in the US.
 
E-commerce is expected to experience a strong compound annual growth rate (CAGR - a geometric progression ratio that provides a constant rate of return over a given time period) of 10% until 2019. The growth rate is expected to translate to $480 billion in online sales by 2019. Physical goods lead the growth in eCommerce as digital goods reach maturity.

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The report follows the recent Criteo mobile commerce report that showed an increase of e-commerce purchases via mobile devices, and the Euromonitor International report on the increase in menswear sales.