Question

Do research to capture data on the growth of B2C e-commerce and retail sales over the past 10 years from 2009 to 2019. Use the charting capability of your spreadsheet software to plot the growth of B2C e-commerce and retail sales and predict the year that B2C e-commerce will exceed 10 percent of retail sales. Document any assumptions you make. Submit the assignment to Dropbox.

Answer 1

U.S. E-Commerce Growth Rate

2001 - 2019

Calculated by comparing U.S. E-Commerce Sales values to the year before.

2008-2009 were challenging years for online retailers. The financial market meltdown that began in the fall 2008 dramatically reduced consumers’ discretionary spending power, resulting in the first quarter of negative growth. It took a year to restore to a growing online market.
Last reported quarter 2019 Q4 it was 16.4%, up by 52% year-over-year from 10.8%.

U.S. Total Retail Growth Rate

2001 - 2019

Calculated by comparing U.S. Total Retail Sales values to the year before.

2008-2009 were challenging years for retailers. The financial market meltdown that began in the fall 2008 dramatically reduced consumers’ discretionary spending power, resulting in the first quarter of negative growth. It took a year to restore to a growing retail market.

Total retail sales reached $4,849.77 trillion in 2016, a 2.6% increase compared to $4,723.96 billion in 2015.

Last reported quarter 2019 Q4 it was 3.9%, up by 23% year-over-year from 3.1%.