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The History of Ecommerce: What The Past Says About Tomorrow’s Retail Challenges
Originally posted to BigCommerce by Kaleigh Moore.
When it comes to ecommerce, a word that first comes to mind is growth.
Ecommerce expert Gary Hoover’s research shows that just in the last 14 years, the growth of ecommerce companies has skyrocketed across the board.
And some merchandise lines (like clothing and beauty products in particular) have achieved a remarkable 25% average CGR between 2000-2014.
This trend isn’t slowing down, either.
In fact, growth projections estimate that by 2022, ecommerce revenues will exceed $638 billion in the U.S. alone. Read the full article here.