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The thing I found most surprising about this article >Internet sales reached six per cent of total retail spending in the fourth quarter of 2013 I thought tha
by slashmasterx 13y ago
The thing I found most surprising about this article
>Internet sales reached six per cent of total retail spending in the fourth quarter of 2013
I thought that would be a bit higher.
- astrodust 13y agoRemember that the fashion industry has revenue that absolutely dwarfs the tech industry. It's so far beyond that it's not even funny. People can't go naked, they need clothes, and most of the time they prefer to try them on, see how they look and fit, then purchase in person. Then there's food which is even larger. The online ordering of groceries is a drop in the bucket. You want fresh food, you're going to have to go and hand pick it. Not surprisingly Wal-Mart has a foot in both camps.
- mikeash 13y agoDoes the fashion industry really "dwarf" the tech industry? Random googling tells me that the global fashion industry does about $1.2 trillion in revenue per year. Microsoft, Google, Apple, and IBM together do a bit over $400 billion per year, so about a third of that, and that's only four (albeit large) tech companies. I'd be surprised if you couldn't more than triple that number after you accounted for all the other tech companies in the world.
- astrodust 13y agoThat's still a fraction of the fashion industry. It's long-tail from there.
- mikeash 13y agoSamsung's electronics division does almost $200 billion/year. Foxconn does $120 billion. Hitachi is also about $120 billion. HP is about $110 billion. Amazon is $75 billion. Intel is $50 billion. Need I go on?