Acquity Group Forecasts Online Sales to Exceed $17 Billion in 2003.Business Editors/High-Tech Writers CHICAGO--(BUSINESS WIRE)--Oct. 27, 2003 Acquity Group, a provider of Next Generation e-commerce solutions to global retail clients, forecasts that U.S. holiday shoppers will spend $17 billion in online purchases this year (excluding travel), up 24% from the $13.7 billion spent during the 2002 holiday season. Acquity Group bases this forecast on Internet usage growth trends, online retailing trends, and direct feedback from their customers, which include a number of global 2000 retailers. Worldwide Internet usage has grown at a steady 29.2% over the past three years. Over half of the total 292 million U.S. citizens are currently using the Internet. "The online shopping hype hype 1 Slang n. 1. Excessive publicity and the ensuing commotion: the hype surrounding the murder trial. 2. has only just begun. We have seen a consistent trend of upward growth with online retailing despite the downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in overall retail sales over the past three years. Customers are becoming more confident purchasing items online, highlighting convenience as a major factor for using this approach. Traditional brick and mortal mortal /mor·tal/ (mor´t'l) 1. subject to death, or destined to die. 2. fatal. mor·tal adj. 1. Liable or subject to death. 2. companies are increasing their investments in online retailing to take advantage of these trends. Today's major retail sites reflects what retailers have learned about what consumers want from their online shopping experience," says Chris Dalton Dalton, city (1990 pop. 21,761), seat of Whitfield co., extreme NW Ga., in the Appalachian valley; inc. 1847. It is a highly industrialized city in a farm area. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Acquity Group. About Acquity Group Acquity Group is an e-business consultancy that helps its clients achieve strategic goals by dramatically increasing revenues, streamlining information management and increasing reach to constituents both inside and outside the enterprise. Founded in 2001, Acquity Group has successfully established relationships with Global 2000 accounts to assist with e-commerce, enterprise portal See corporate portal. and content management solutions. For more information on Acquity Group's services, please visit www.acquitygroup.com |
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