Digital Shift in Plain Sight at Shop.org Conference
It's no surprise that the majority of cross-channel retailers are focusing their attention online when analyzing the future growth of their companies. Consumers spent $165.4 billion online last year, an increase of 14.8 percent compared to 2009, according to the U.S. Commerce Dept. While certainly eye-catching numbers, that $165.4 billion accounted for less than 5 percent (4.2 percent to be exact) of total retail spending. So you can see why there's such excitement over the future of the e-commerce space — retailers have barely scratched the surface when it comes to the medium.