Worldwide E-Commerce Share Gains Continue… China @ 20% = Highest Penetration Rate + Fastest Growing E-Commerce % of Retail Sales 25% 20% 15% e Shar 10% 5% 0% 2003 2005 2007 2009 2011 2013 2015 2017 Korea UK China USA Germany Japan France Brazil Source: Euromonitor. Note data excludes certain consumer-to-consumer (C2C) transactions. 253