eCommerce Takes Half Of Pandemic-Driven Retail Growth
PYMNTS
JUNE 17, 2020
The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. trillion while total retail revenues contract 4 percent to $5.07
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