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U.S. online trade volumes grew by a third



Due to the coronavirus pandemic, the growth rate of e-commerce in the U.S. market has moved two years ahead at once.
person shopping online

Today, online commerce is growing worldwide -- and at a breakneck pace. By the end of the third quarter of 2020, Internet sales in the U.S. are already reaching levels previously expected no earlier than 2022. 

According to Insider Intelligence Research forecasts, the volume of e-commerce sales in the U.S. by 2020 will reach $794.50 billion. It is 32.4% more than in 2019. Previously predicted growth in online commerce by about 18% in the second quarter. Still, because buyers have massively switched to online shopping, there is a real surge in this area. E-commerce sales are projected to reach 14.4% of all U.S. retail spending this year and 19.2% by 2024.

Growth was expected in demand for life-saving goods, like food and necessities. The dynamics of online sales in categories such as consumer electronics and interior furnishings were unpredictable. Due to a completely different lifestyle for consumers during the pandemic, their online shopping approach also changed significantly.

The growth of the online commerce market is also known to be a sign that the largest players will further strengthen its position. The ten largest companies, including Amazon, Walmart, and Best Buy, will grow. According to forecasts, the top ten will take 63.2% of the total market for online sales at the end of the year, 57.9% more than in 2019.

More about shopping malls in the USA



YESTERDAY, Taiwan:
Visitors will feel like they were in childhood when they were hiding under a blanket with a flashlight for reading their favorite books.
YESTERDAY, USA:
It will allow the company to provide faster delivery to consumers of iPhone 12, sales of which will start today.
YESTERDAY, Spain:
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YESTERDAY, Germany:
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DAY BEFORE YESTERDAY, USA:
Coronavirus pandemic has spawned a wave of companies seeking to enter the rapidly growing protection market.
DAY BEFORE YESTERDAY, Spain:
La Torre Outlet Zaragoza opened to the public and welcomed the first visitors in Spain.
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