Prior to 2020, the gradual shift from brick-and-mortar to e-commerce shopping had already begun. The pandemic, however, accelerated this shift as more consumers elected to shop online. The U.S. e-commerce forecast had online sales growing by double digits — 17.9 percent year-over-year — in 2021. Online sales were forecast to reach $933.30 billion last year, accounting for…
Avi Geller
A projected rise in e-commerce and retail demand for the 2021 holiday shopping season has put Santa’s elves on notice. Spending on online shopping has hit more than $933 billion — up 17.9 percent year-over-year — and brick-and-mortar retail spending will reach nearly $5.15 trillion, a 6.3 percent increase according to the US Economic Forecast 2021.…
