Sales Transactions Over the Web Soar, Survey Finds

Share this content:
The Global Trading Web Association yesterday released transactional and sales volume data indicating that activity among e-marketplaces is growing at an aggressive rate. The GTWA said the data offer an endorsement of the strength of electronic commerce.

The data showed GTWA e-marketplace transactions have increased from 106,168 to 884,166, an increase of 733 percent from January-June 2000 to January-June 2001. It is projecting 2001 year-end transactions to reach 2.14 million.

Among GTWA members, the sales volume reported rose from $115 million during the first two quarters of 2000 to $3.7 billion for the first two quarters of 2001, a 3,110 percent increase. Projected 2001 year-end sales volume is expected to reach $6.24 billion.

Product offerings and selections are also increasing. The number of SKUs has increased from 4.32 million to 17.14 million for the period of June 2000 to June 2001. According to GTWA, the projected 2001 year-end total product offerings will reach 23.8 million.

The GTWA represents an independent electronic trading network of buyers and suppliers. It has 31 members that provide electronic trading services for more than 250,000 companies in more than 100 countries. GTWA members offer a number of trading services including representation of suppliers to large numbers of buyers, transaction processing services and other logistical commerce-clearing services.


Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above