Online shopping hits an all-time high milestone.
The total market share of “non-store,” or online U.S. retail sales was higher than general merchandise sales for the first time in history in February 2019, according to a report from the Commerce Department this week. The days of the internet and online shopping being ‘just a fad’ have come a long way over the
The total market share of “non-store,” or online U.S. retail
sales was higher than general merchandise sales for the first time in history
in February 2019, according to a report from the Commerce Department this week.
The days of the internet and online shopping being ‘just a
fad’ have come a long way over the years, but February’s Retail Sales report
highlighted the growth of online shopping had reached a whole new level.
The online sector, referred to as “clicks,” has been slowly
eating up market share in the past two decades. Its total rose from below 5
percent in the late 1990s to about 12 percent in 2019, according to the
Commerce Department. In February, online sales narrowly beat general
merchandise stores, including department stores, warehouse clubs, and
super-centers.
Online sales are now the fourth largest sector overall,
bringing in about $59.8 billion in adjusted sales for February. Motor vehicles
and parts are the most significant segments, making up about 20 percent of all
retail spending — food and beverage store sales and restaurants and bar sales
each makeup about 12 percent.
E-commerce behemoth Amazon has been a significant enabler of
the growth in online shopping due, in part, to their shipping model.
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