4 ms·

Note this is from 2003... Internet is no longer just 5% of retail. That $100m rebuild of the Tanforan mall is already being exited and will be converted to a

by dotBen 2y ago

Note this is from 2003... Internet is no longer just 5% of retail. That $100m rebuild of the Tanforan mall is already being exited and will be converted to a biotech and life sciences hub. The rest of the general impact to retail, I'm sure everyone is aware of.

nickt 2y ago
I’m amazed that in 2022 internet retail was only about 15% of the total [1]. The Dept. of Commerce stats show that Q4 2023 was at 15.6% [2]. I expected it to be higher. [1] https://www.zippia.com/advice/what-percentage-of-retail-sales-are-online/ https://www.zippia.com/advice/what-percentage-of-retail-sale... [2] https://www.census.gov/retail/ecommerce.html https://www.census.gov/retail/ecommerce.html
- SJC_Hacker 2y ago
  Groceries. Most people still like visiting those in-person. Especially for things like picking out fruits/veggies/meats/etc.
  - bena 2y ago
    I purchase a fair amount of stuff online, but there's still a lot of things I buy in person.
  - ghaff 2y ago
    Groceries, a lot of clothes, bulky/heavy items, impulse purchases when you're shopping anyway... I probably shop online more than the average person but I still do a lot in-person.
  - joseda-hg 2y ago
    Stuff that's regular and I want specific brands of I get online I go to pick Fruits, Vegetables and that kind of stuff the experience shopping is a lot more pleasant since it's a lot less
- dingnuts 2y ago
  Why? In the age of ubiquitous scams online, including at "trusted" places like Amazon or Walmart or Target that all function as weird drop-shipping storefronts, the ability to walk in, see the item, see that it's not fraudulent, that it's real, and can be returned if it is incorrect or broken with minimal hassle, is real value. I peaked in Internet shopping around 2010 when Prime was, you know, good. Since then I have vastly preferred going in person. Clothes? You can try them on. Electronics? Won't set your house on fire. Food? It's fresh and I get it today. If you told me in the aughts that Newegg would be a ghost town and that I'd prefer going to Best Buy, I'd've called you a troglodyte moron, but today that's exactly how it is. These are all anecdotes but I can't possibly be alone in these feelings. 15% sounds about right to me. I order online when I must.. otherwise, I drive to the store.
  - doublepg23 2y ago
    I wish my Best Buys were like that. Anytime I go in most of the small and messy inventory is mis-marked, I can’t find a free representative, and the prices are often 20% if not 50% more for functionally equivalent products. It’s a shame, in high school me and my nerdy friends would stop in often enough to check out new gear. Now we just swap Amazon links.
    - Bluecobra 2y ago
      Yeah, it’s disappointing compared to how it was in the mid 90s/early 2000s. It was one of my favorite stores as a teen. Luckily for me I live close enough to a MicroCenter which still has the old school electronics store magic.
      - doublepg23 2y ago
        Microcenter is glorious. I love peaking my head in when I'm in the Philly or Cleveland area. I usually save my PC building trips just to go there.
- dredmorbius 2y ago
  I'd long ago noted that ecommerce sales growth strongly lagged predictions, and that seems to continue to be the case. Segment detail on retail spending / sales is hard to come by, but it seems that overall spend is dominated by food & beverage (though that's less than half the total). Online sales are dominated by electronics and apparel. The latter somewhat surprises me as clothing is very much a feel-and-fit concern, difficult or impossible to assess online. <https://www.retaildogma.com/number-of-retail-stores-in-the-us/ https://www.retaildogma.com/number-of-retail-stores-in-the-u...> <https://www.mobiloud.com/blog/top-ecommerce-categories-in-the-us https://www.mobiloud.com/blog/top-ecommerce-categories-in-th...> Key data for 2024 ecommerce categories: 1. Computer and consumer electronics: $219.33 billion (21.2% of total sales in the US market) 2. Apparel and accessories: $203.75 billion (19.7%) 3. Furniture and home furnishings: $129.45 billion (12.5%) 4. Health and personal care and beauty: $111.03 billion (10.7%) 5. Auto and parts : $86.26 billion (8.3%) 6. Food and beverage: $78.28 billion (7.6%) 7. Toys and hobby: $74.03 billion (7.2%) 8. Books/music/video: $54.02 billion (5.2%) 9. Office equipment and supplies: $19.35 billion (1.9%)
- rightbyte 2y ago
  Buying on the internet is such a gamble and it is hard to judge the quality of products. I don't think the share will rise much more.
m463 2y ago
Yeah, when I read about adding glow-in-the-dark miniature golf, I thought "but... hasn't that golf place has been there forever?" I kind of wonder if it's still there.
ghaff 2y ago
At some point, even pre-pandemic, I came to the conclusion that getting something in 2 days via delivery was probably faster than I would get around to getting to the store. For some things, I still prefer to go in person especially if it's just down the street or I'm in the area. But increasingly little. (Except grocery.)

by dotBen 2y ago

nickt 2y ago

I’m amazed that in 2022 internet retail was only about 15% of the total [1]. The Dept. of Commerce stats show that Q4 2023 was at 15.6% [2]. I expected it to be higher. [1] https://www.zippia.com/advice/what-percentage-of-retail-sales-are-online/ https://www.zippia.com/advice/what-percentage-of-retail-sale... [2] https://www.census.gov/retail/ecommerce.html https://www.census.gov/retail/ecommerce.html

SJC_Hacker 2y ago
Groceries. Most people still like visiting those in-person. Especially for things like picking out fruits/veggies/meats/etc.
- bena 2y ago
  I purchase a fair amount of stuff online, but there's still a lot of things I buy in person.
- ghaff 2y ago
  Groceries, a lot of clothes, bulky/heavy items, impulse purchases when you're shopping anyway... I probably shop online more than the average person but I still do a lot in-person.
- joseda-hg 2y ago
  Stuff that's regular and I want specific brands of I get online I go to pick Fruits, Vegetables and that kind of stuff the experience shopping is a lot more pleasant since it's a lot less
dingnuts 2y ago
Why? In the age of ubiquitous scams online, including at "trusted" places like Amazon or Walmart or Target that all function as weird drop-shipping storefronts, the ability to walk in, see the item, see that it's not fraudulent, that it's real, and can be returned if it is incorrect or broken with minimal hassle, is real value. I peaked in Internet shopping around 2010 when Prime was, you know, good. Since then I have vastly preferred going in person. Clothes? You can try them on. Electronics? Won't set your house on fire. Food? It's fresh and I get it today. If you told me in the aughts that Newegg would be a ghost town and that I'd prefer going to Best Buy, I'd've called you a troglodyte moron, but today that's exactly how it is. These are all anecdotes but I can't possibly be alone in these feelings. 15% sounds about right to me. I order online when I must.. otherwise, I drive to the store.
- doublepg23 2y ago
  I wish my Best Buys were like that. Anytime I go in most of the small and messy inventory is mis-marked, I can’t find a free representative, and the prices are often 20% if not 50% more for functionally equivalent products. It’s a shame, in high school me and my nerdy friends would stop in often enough to check out new gear. Now we just swap Amazon links.
  - Bluecobra 2y ago
    Yeah, it’s disappointing compared to how it was in the mid 90s/early 2000s. It was one of my favorite stores as a teen. Luckily for me I live close enough to a MicroCenter which still has the old school electronics store magic.
    - doublepg23 2y ago
      Microcenter is glorious. I love peaking my head in when I'm in the Philly or Cleveland area. I usually save my PC building trips just to go there.
dredmorbius 2y ago
I'd long ago noted that ecommerce sales growth strongly lagged predictions, and that seems to continue to be the case. Segment detail on retail spending / sales is hard to come by, but it seems that overall spend is dominated by food & beverage (though that's less than half the total). Online sales are dominated by electronics and apparel. The latter somewhat surprises me as clothing is very much a feel-and-fit concern, difficult or impossible to assess online. <https://www.retaildogma.com/number-of-retail-stores-in-the-us/ https://www.retaildogma.com/number-of-retail-stores-in-the-u...> <https://www.mobiloud.com/blog/top-ecommerce-categories-in-the-us https://www.mobiloud.com/blog/top-ecommerce-categories-in-th...> Key data for 2024 ecommerce categories: 1. Computer and consumer electronics: $219.33 billion (21.2% of total sales in the US market) 2. Apparel and accessories: $203.75 billion (19.7%) 3. Furniture and home furnishings: $129.45 billion (12.5%) 4. Health and personal care and beauty: $111.03 billion (10.7%) 5. Auto and parts : $86.26 billion (8.3%) 6. Food and beverage: $78.28 billion (7.6%) 7. Toys and hobby: $74.03 billion (7.2%) 8. Books/music/video: $54.02 billion (5.2%) 9. Office equipment and supplies: $19.35 billion (1.9%)
rightbyte 2y ago
Buying on the internet is such a gamble and it is hard to judge the quality of products. I don't think the share will rise much more.

m463 2y ago

Yeah, when I read about adding glow-in-the-dark miniature golf, I thought "but... hasn't that golf place has been there forever?" I kind of wonder if it's still there.

ghaff 2y ago

At some point, even pre-pandemic, I came to the conclusion that getting something in 2 days via delivery was probably faster than I would get around to getting to the store. For some things, I still prefer to go in person especially if it's just down the street or I'm in the area. But increasingly little. (Except grocery.)