Tuesday, July 16, 2019

Online sales will reach $645 billion in 2020; but growth slowing

Chain Store Age
Online retail sales growth may have reached an inflection point.

Online sales growth has slowed for four consecutive quarters for the first time since 2012, according to FTI Consulting’s 2019 U.S. Online Retail Forecast, and may have reached an inflection point that could result in slowing growth moving forward. The Retail & Consumer Products practice at FTI expects U.S. online retail sales of $575 billion in 2019, a 12.3% increase over 2018. That compares to a 14.2% increase in 2018, when the market grew from $450 billion and topped $500 billion for the first time, and a 15.6% increase in 2017.. . . more