In the simplest terms, retail and eCommerce seem to be very similar: retail and eCommerce both refer to what happens when a product from a business is sold to an individual consumer for their own use, except one of them is done exclusively through the Internet.
Is ecommerce the same as retail?
Retail businesses sell various product through physical locations like like a store or a chains of stores. Traditionally, they would try to increase their sales through tv, newspaper and billboard ads. The ecommerce trend has slipped into the retail world and most retail shops will have some kind of an online presence.
What is ecommerce and retail?
Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. Global retail ecommerce sales are projected to reach $27 trillion by 2020.
Is an online store considered retail?
Retail businesses include large department stores and chains or individual shops located in every community. Online vendors of consumer goods are also retailers. Examples of consumer goods are clothing, furniture and toys.
What is an online store called?
Alternative names for the activity are “e-tailing”, a shortened form of “electronic retail” or “e-shopping”, a shortened form of “electronic shopping”. An online store may also be called an e-web-store, e-shop, e-store, Internet shop, web-shop, web-store, online store, online storefront and virtual store.