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Global Internet Retail Sales To Hit $1.7 Trillion in 2015, Juniper Research Says

Worldwide online retail sales are expected to reach $1.7 trillion this year, up 17 percent from 2014, a report released Tuesday by Juniper Research said. The growth can be attributed, in part, to social media companies acting as direct sales…

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platforms and using strategic retailer partnerships, the report said. The research also predicted that by 2020, smartphones will account for more than 40 percent of all global online retail transactions.