Posted by
John B. Frank
Wednesday, November 12, 2008
Digital Transaction News reports on the recent Javelin Strategy and Research Study which says Online Sales shouldn't be hurt to badly. I tend to go with the idea that bricks and mortar will be hurt not only by the economy, but "at the expense" of people trickling...should I say flocking...to e-commerce. (see graphic below right from when I talked about about theParadigm Shift.
A Sour Economy Won’t Hurt Online Shopping Or Alternative Payments
(November 12, 2008) Retail sales are slumping and stores are closing, but the online retailing channel—and thereby online payment transaction volumes—will come through relatively unscathed, according to a new report from Javelin Strategy and Research. Javelin’s latest online retail payments forecast predicts Internet retail purchases will total $148 billion this year, up 10.4% from an estimated $134 billion in 2007.
That’s much better than the outlook for overall retail sales. The U.S. Commerce Department recently estimated that retail and food sales adjusted for seasonal variations but not price differences were down in September by 1.2 % from August and by 1.0% from September 2007. The government’s estimate for October is due Friday, and many retailing analysts are predicting the worst Christmas spending season in years.
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Digital Transaction News reports on the recent Javelin Strategy and Research Study which says Online Sales shouldn't be hurt to badly. I tend to go with the idea that bricks and mortar will be hurt not only by the economy, but "at the expense" of people trickling...should I say flocking...to e-commerce. (see graphic below right from when I talked about about the Paradigm Shift.
(November 12, 2008) Retail sales are slumping and stores are closing, but the online retailing channel—and thereby online payment transaction volumes—will come through relatively unscathed, according to a new report from Javelin Strategy and Research. Javelin’s latest online retail payments forecast predicts Internet retail purchases will total $148 billion this year, up 10.4% from an estimated $134 billion in 2007.
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