-
Report: Global online sales to increase 17.5% in 2013
Santa Monica, Calif. -- Global e-commerce sales are expected to rise 17.5% this year to $963 billion, up from $820.5 billion last year, according to a study by Siemer & Associates.
Currently, online accounts for just 6.5% of all retail sales worldwide but is growing four times faster than traditional retail. E-commerce sales are expected to account for 9.3% of retail sales by 2016.
-
Target halfway home in Canada
Another 20 Target stores are set to open next week in Canada, bringing the retailer’s total to 68 units with another 66 units planned for the second half of the year.
The new stores opening between July 16 and July 30 include 11 units in Ontario, two each in British Columbia and Alberta, and three in Saskatchewan. The stores in Saskatchewan are the retailer’s first in that province.
Target Canada president Tony Fisher said the retailer was excited to bring its unique brand of shopping to the additional locations and a new province.