The document discusses the growth of e-commerce and online shopping. It notes that the first online transaction was the sale of a CD in 1994. Global internet sales reached $800 million by 2000 and had grown to $250 billion by 2007. The number of internet users has also increased dramatically, with almost 2 billion people now using the internet. Online shopping provides consumers with more choices and the ability to find exact products from around the world. Traditional retailers must adapt to this new multi-channel environment by integrating online and physical stores.