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Faceless Retail: The Lure of the Online Marketplace Killian Heraughty 14/01/13.

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Presentation on theme: "Faceless Retail: The Lure of the Online Marketplace Killian Heraughty 14/01/13."— Presentation transcript:

1 Faceless Retail: The Lure of the Online Marketplace Killian Heraughty 14/01/13

2 Screencast Overview Growth in Online Retailers Growth in Customers shopping Online Results from Online Shopping Questionaire

3 Growth in Online Retailers Removes location and availability restrictions Reduces time and money spent Customer Service Interactive Media in Retail Group- Says e- commerce sales will pass 1 trillion euro by 2013 Google Images

4 Growth in Customers Shopping Online 8.6% per year increase in online revenue in next 5 years USA expecting $248.7 billion worth of online sales for 2014 Growth of 10% for the next 5 years expected Google Images

5 Results from Online Shopping Questionnaire Weak online grocery shopping compared to traditional shopping High online shopping for tickets More time spent on internet nowadays Google Images

6 Results from Online Shopping Questionnaire Small amount purchases made online Are attracted to online shopping due to:  Saving of Time  Can shop at any time  Accurate description of products  Ease of online shopping Google Images

7 Results from Online Shopping Questionnaire Weaknesses of online shopping:  Broad selection of products available  Uncertainty of security Google Images

8 References Google Images [accessed on 09/01/13] Internet World Stats. (2012). World Internet Usage and Population Statistics June 30, 2012. (Retrieved from http://www.internetworldstats.com/stats.htm [Date Accessed 9th December, 2012] Leonard, S. (2012). Ebusiness and its advantages. Retrieved from http://onlinebusiness.volusion.com/articles/e-business- advantages/ [Date accessed 5 th December, 2012] www.volusion.com WWWMetrics. (2012). The Growth of Online Shopping. Retrieved from http://www.wwwmetrics.com/shopping.htm [Date accessed 2nd January, 2013]

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