Consumers across the globe spent $900 billion more at online retailers in 2020 compared with the prior two-year trend, according to a report released Tuesday by the Mastercard Economics Institute.
Shoppers are heading back to restaurants and returning to stores to buy clothes and shoes in person...
Shoppers are heading back to restaurants and returning to stores to buy clothes and shoes in person...
- Consumers across the globe spent $900 billion more at online retailers in 2020 versus the prior two-year trend, according to report from the Mastercard Economics Institute.
- However, the significance of online sales beyond the Covid pandemic will depend on the retail sector and how consumers prefer to shop.
- Grocery and discount stores are likely to see the most dramatic and lasting shift to e-commerce beyond the pandemic, especially since online sales drove a smaller portion of their overall sales before the crisis, the report said.
RSK: You can feel the ground swell already...let`s hope it continues.
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- - Volume: 9 - WEEK: 16 Date: 4/13/2021 7:09:54 AM -