E-commerce consumer spending hit $900bn in 2020 thedrum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedrum.com Daily Mail and Mail on Sunday newspapers.
But with retail foot traffic increasing, retailers may want to reevaluate their online and offline strategies.
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Mastercard s Recovery Insights
report highlighted the scale of the pandemic-driven digital shift in 2020 as well as what to expect going forward. Mastercard highlights major ecommerce shift. Insider Intelligence
Here are the big takeaways:
Global consumers increased online spending by $900 billion in 2020. This translates to ecommerce making up $1 for every $5 spent on retail in 2020, compared with $1 for every $7 in 2019. The surge in ecommerce spending was driven by pandemic-induced
Global online sales rose by $900 billion for retailers in 2020 upi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upi.com Daily Mail and Mail on Sunday newspapers.