The Future of Retail - Infographic

Saturday, 7th June 2014


M-Commerce Sales To Reach $626 Billion By 2018: Portrait of A Mobile Consumer - INFOGRAPHIC

Saturday, 7th June 2014


UK: the unchallenged king in online sales by percentage - report

Friday, 6th June 2014

By taking the percentage factor into account, UK online retail sales have passed unmatched by those in the US and Europe of all retail sales.

"The Forrester report estimates that the European online retail sales will reach EUR 233.9 billion by 2018, up from EUR 134.9 billion in 2013. This equates to a 12% compound annual growth rate (CAGR) up to 2018."

"The report notes that clothing will continue to be the largest online sales category in Europe, whereas online groceries will be the fastest growing, surpassing consumer electronics to become the second largest category by 2018, Forrester said."

"The UK, France and Germany will keep their highest proportion of total retail sales coming from online sales, out of the 17 countries included in the forecast. The predicted online sales growth across Europe is driven by a combination of the increasing number of consumers that buy online and retailers enabling improved ecommerce experiences."

"Additionally, the percentage of European internet users who buy online will grow from 65% in 2013 to 75% in 2018. Southern European markets, such as Italy and Spain, will witness notable increase in online retail sales through to 2018, spurred by the growth in the number of online buyers and the emergence of "super-shoppers" in these markets - consumers who research and buy across multiple devices and digital touch points on a regular basis."

More info here.

Poland: Bitcoin miners to pay 23% VAT

Thursday, 5th June 2014

Miners of peer-to-peer decentralized digital currencies, like Bitcoin and Litecoin, will be subjected to a 23% value-added tax (VAT) in Poland, should they plan to continue selling the virtual currencies.

"The announcement came after a Bitcoin miner had submitted a request to seek further clarification of the country’s implementation of taxes on the sale of mined Bitcoins."

"Polish authorities, in an official document which comes as a reply to the request, consider Bitcoin mining a service and the sale of these mined Bitcoins is similar to asking a fee for the service."

"The argument of the authorities is contrary to that of the particular Bitcoin miner who states that Bitcoin mining and its respective sale is not applicable to taxes because it is not a commodity."


20 Best E-Commerce Quotes from the Experts

Wednesday, 4th June 2014


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