48 days ago • Posted by Martin Boujol
Online retail is booming thanks to the pandemic
E-commerce has steadily been rising over the past 20 years. However, its impact on retail sales has long been smaller than people think. In 2019, e-commerce sales account for only 11% of total retail sales, which was the highest share before the pandemic. During Covid-19, this share jumped to 14%, or $792 million in 2020, which is up from only 7.3% in 2015. The pace simply accelerated.
Source: Statista, U.S. Census Bureau