Ecommerce

e-commerce

Timeline created by dspear
Event Date: Event Title: Event Description:
Timeline E-commerce Begins E-commerce became possible in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites. History of E-commerce
Timeline How it Began History of E-commerceAt first, the term ecommerce meant the process of execution of commercial transactions electronically with the help of the leading technologies such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do electronic transactions. The ability to use these technologies appeared in the late 1970s and allowed business companies and organizations to send commercial documentation electronically.
Timeline The Evolution of E-commerce Although the Internet began to advance in popularity among the general public in 1994, it took approximately four years to develop the security protocols (for example, HTTP) and DSL which allowed rapid access and a persistent connection to the Internet.
Timeline E-commerce is defined In 2000 a great number of business companies in the United States and Western Europe represented their services in the World Wide Web. At this time the meaning of the word ecommerce was changed. People began to define the term ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services. History of E-commerce
Timeline E-commerce collapse Although the dot-com collapse in 2000 led to unfortunate results and many of ecommerce companies disappeared, the %u201Cbrick and mortar%u201D retailers recognized the advantages of electronic commerce and began to add such capabilities to their web sites (e.g., after the online grocery store Webvan came to ruin, two supermarket chains, Albertsons and Safeway, began to use ecommerce to enable their customers to buy groceries online). <a href='http://www.ecommerce-land.com/history_ecommerce.html' >Histo
Timeline E-commerce regrows By the end of 2001, the largest form of ecommerce, Business-to-Business (B2B) model, had around $700 billion in transactions. History of E-commerce
Timeline 2007 Total E-commerce Sales According to all available data, ecommerce sales continued to grow in the next few years and, by the end of 2007, ecommerce sales accounted for 3.4 percent of total sales. History of E-commerce
Timeline Most Recent Statistics Most Recent E-commerce Statistics The Census Bureau of the Department of Commerce announced today that the estimate of U.S. retail e-commerce sales for the second quarter of 2008, adjusted for seasonal variation, but not for price changes, was $34.6 billion, an increase of 2.9 percent (1.0%) from the first quarter of 2008. Total retail sales for the second quarter of 2008 were estimated at $1,034.8 billion, an increase of 0.9 percent (0.3%) from the first quarter of 2008.