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Share Name | Share Symbol | Market | Type |
---|---|---|---|
FTI Consulting Inc | NYSE:FCN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
5.29 | 2.46% | 220.425 | 221.38 | 216.13 | 216.13 | 85,360 | 20:25:12 |
Generally, U.S. online sales continue to grow at low double-digit rates compared to low single-digit rates for store-based sales. However, online sales growth has slowed down slightly in recent quarters and FTI Consulting's Retail & Consumer Products practice expects this trend of gradually slowing growth and smaller gains in market share to persist as the online channel continues to mature. These trends can vary materially by product category.
Ultimately, FTI Consulting’s forecast model projects U.S. online sales to reach $550 billion by 2020 and market share for online sales to be 17 percent compared to 10.5 percent currently. Looking ahead, the firm’s Retail & Consumer Products practice expects overall online market share to plateau at approximately 20 percent a decade from now, as inherent limits to the channel’s sales and market share potential are approached.
“Despite the online retail channel’s double-digit sales growth rate, there are some distinct signs that the channel as a whole has passed peak growth and that deceleration is setting in,” said Bob Duffy, Global Leader of FTI Consulting’s Corporate Finance/Restructuring segment and the firm’s Retail & Consumer Products practice. “Given the nature of the consumer adoption model that governs such phenomena, we can project how this maturation will occur.”
By now, most large omni-channel retailers have successfully developed their online businesses, with many deriving 10 percent or more of total sales from the online channel. However, much of this growth has been cannibalized from stores.
“The next challenge for these retailers will be to move beyond the objective of sales growth at any cost and to ensure that their online platforms, in concert with store-based strategies, are improving ROI of the entire enterprise rather than redirecting sales,” added Mr. Duffy.
The full forecast can be accessed here.
About FTI ConsultingFTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,400 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.76 billion in revenues during fiscal year 2014. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc. 1101 K Street NW Washington, DC 20005 +1.202.312.9100 Investor Contact: Abaigeal Healy +1.617.747.1727 abaigeal.healy@fticonsulting.com Media Contact: Nicole Madison +1.212.850.5647 nicole.madison@fticonsulting.com
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