Ecommerce Industry on Fire Ahead of Holiday Season: 3 Stocks

This year is likely to be a good one for the ecommerce industry, with the segment expected to take away big slices of the total retail pie. Commerce Department numbers for the last quarter are proof of this: ecommerce sales in the second quarter of 2024 grew 6.7% over 2Q23 (1.3% sequentially), with total retail sales increasing 2.1% (0.5% sequentially). Ecommerce accounted for around 16% of total U.S. retail sales. The last quarter being the holiday quarter, is always the strongest for the industry, and thi ...