Hey, BIG SPENDER.EVEN IN VIRTUAL malls, Americans out-shop the world. Only Japan's consumers will hold a candle to U.S. spenders in the near future, predicts Chicago-based international consumer market research firm Euromonitor. Euromonitor estimates that by 2003, U.S. consumers will spend more than $45 billion online. That's an ocean in the bucket A reserved amount of memory that holds a single item or multiple items of data. Bucket is somewhat synonymous to "buffer," although buffers are usually memory locations for incoming data records, while buckets tend to be smaller holding areas for calculations. See hash table, buffer and variable. compared to European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. spenders, who are expected to part with only $20 million online. Altogether, the U.S. will account for 62 percent of global Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the sales in eight retail sectors: home computers, durables Durables A category of consumer goods, durables are products that do not have to be purchased frequently. Some examples of durables are appliances, home and office furnishings, lawn and garden equipment, consumer electronics, toy makers, small tool manufacturers, sporting goods, , books, music, clothing, toys & games, food & drink, and furniture. The second largest online market will be Japan, at just over 12 percent of Internet sales. Other noteworthy predictions, from Global Retail Strategies and Trends, published by Euromonitor International in March 2000: * One-tenth of global retail sales will come from e-tailing (Electronic-reTAILING) Selling online. See e-commerce. by 2008. * E-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. will account for 10 percent of retail sales by 2008. * Food will be the favorite Internet purchase by 2010. * Wal-Mart will be the world's largest retailer online and offline.
Internet Sales Growth by Country 1999-2003
US$ billion % Growth
1999 [*] 2003 1999-2003
US $10,932 $45,139 312.9%
Japan 850 8,849 941.1
Germany 754 6,444 754.6
UK 587 4,153 607.5
France 182 2,009 1,003.8
Canada 282 1,430 407.1
Italy 135 1,410 944.4
Australia 114 758 564.9
Brazil 43 595 1,283.7
China 15 224 1,393.3
Other 687 1,394 102.9
TOTAL $14,582 $72,404 396.5%
Source: Euromonitor International; (*.)1999 based on Euromonitor
estimates.
Continental DIVIDE Companies that globalize glob·al·ize tr.v. glob·al·ized, glob·al·iz·ing, glob·al·iz·es To make global or worldwide in scope or application. glob their sites receive more than twice the percentage of sales revenue from international users as those who don't.
Non-
Globalized Globalized
2000 10% 25%
2001 12% 30%
Source: IDC
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