ecommerce Industry Prospects Bright: 2 Picks
GRPNGroupon(GRPN) ZACKS·2024-06-05 01:56

This year is likely to be a good one for ecommerce, 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: ecommerce sales in the first quarter of 2024 grew 8.6% over 1Q23 (2.1% sequentially), with total retail sales increasing 1.5% (-0.1% sequentially). Ecommerce accounted for around 15.9% of total U.S. retail sales. The convenience of online shopping remains the top reason for ecommerce volumes and this is particularly ...