E-Commerce is the New Retail Storefront [Infographic]
While many were skeptical in the early days of e-commerce, consumers have switched to online shopping across many verticals -- a troublesome trend for brick-and-mortar retailers.
Online shopping has grown consistently over time. Consumers have started shifting to online shopping in most verticals for the convenience it provides, and the ability to shop around without visiting multiple brick and mortar stores. An infographic from Koeppel Direct shows how much revenue ecommerce makes, why users have taken to it, and what brick and mortar stores are doing to stay competitive.
Online shopping is generating large revenues in many verticals. Clothing is the largest, generating $51 billion; electronics generate $26 billion, and online grocery shopping generates $16 billion.