By Jody Chudley In just a couple of months, the COVID-19 outbreak has created a decade’s worth of growth in U.S. online shopping.
To be clear, it wasn’t as though the market share for online shopping hadn’t already been growing prior to the pandemic…
In 2019, consumers spent $602 billion online with American merchants. According to the U.S. Department of Commerce, that was a 15% increase from the $523 billion spent online in 2018.
That was an increase from the 13.6% increase in online market share that occurred from 2017 to 2018.
That shows a strong, accelerating tailwind for e-commerce.
Since the turn of the century, online shopping …read more
