Lodi Valley News.com

Complete News World

Online sales in the United States are slow at the end of the year

Sunday Mastercard Inc. According to the report, US e-commerce sales grew at a very slow pace during the 2021 holiday season. According to Mastercard SpendingPulse, from November 1 to December 24, there was an 11% increase over the same period of 2020, compared to 47.2% during the 2020 holiday season.

The epidemic led to a strong expansion of online sales in the United States, but slowed growth as economic reopening and growth slowed. However, according to MasterCard, e-commerce sales in the 2021 holiday season still recorded a higher growth rate of 8.1% than store retail.

E-commerce sales accounted for 20.9% of total retail sales during the 2021 holiday season, up from 20.6% in 2020. E-commerce accounted for only 14.6% of total retail sales during the holiday season. Xinhua News Agency reports that 2019 is a holiday.

The U.S. recorded $ 214.6 billion in e-commerce sales in the third quarter of 2021, an annual increase of 6.6%, much less than the 36.1% year-on-year expansion in the same period in 2020. Department of Commerce on November 18th.

According to the US Department of Commerce, e-commerce’s share of total retail sales will gradually decline from 13.8% in the third quarter of 2020 to 13% in the third quarter of 2021.

The Mastercard report says that as the e-commerce channel continues to grow, customers will find it easier to enjoy browsing holidays and shopping from the comfort of their own home.

See also  Ed Sheeran returns to number one on UK charts with new album