Good Year Ahead for the E-commerce Industry: 2 Picks

This year is likely to be a good one for e-commerce, with the segment expected to take away big slices of the total retail pie. Commerce Department numbers for the last quarter is proof of this: e-commerce sales in the fourth quarter of 2023 grew 7.5% over 4Q22 (0.8% sequentially), with total retail sales increasing 2.8% (0.4% sequentially). E-commerce accounted for around 15.6% of total U.S. retail sales. The convenience of online shopping remains the top reason for ecommerce volumes and this is particular ...