As the figures from the weekend’s sales bonanza trickle in, one thing is abundantly clear – people prefer to pay online. With that in mind, the infographic below charts the rise of e-commerce from the early adopters who saw the potential power of the internet to the behemoth it is now and the monolith it will be in the future.
It traces the biggest e-commerce acquisitions in the past ten years such as Amazon’s purchase of Zappos, an online shoe retailer , as early as 2009.
Another example of the increasing e-commerce dominance is the fact that major retailers, stalwarts of the high streets, are closing down or planning to close down many of their branches. In the US Staples will have closed 225 of its locations by the end of 2015.
Whitepapers
Related reading
Open Banking: Going from regulatory mandate to global scale
Building the infrastructure to make open banking possible Open banking means different things to different people, but one thing is sure: it ... read more
Pandemic boosts P2P platform use
By Shari Krikorian, senior vice president, Mastercard
Tech innovation vital for mitigating airline crisis
The airline and travel sector’s coronavirus crisis may spark tech innovation in the industry, market participants predict. Customers will look to travel ... read more
Bank of England slashes interest rates amid coronavirus outbreak
By Aaran Fronda The Bank of England (BoE) has announced an emergency cut to the base interest rate from 0.75 percent to ... read more