38 days ago • Posted by William Ramstein
US e-commerce growth won't outshine covid levels but total sales will exceed pre-covid era
According to Insider Intelligence, US retail e-commerce sales grew 33% in 2020, reaching $799.18B. In store shopping will rebound as covid subsides and a share of consumer spending will rever back from retail and toward services like travel and live entertainment. Sales growth should increase this year--building on top of a massive upward revision for 2020--which would cause total ecommerce sales for 2021 to be $147B greater than before the pandemic.
Source: Insider Intelligence