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  A teacher in the United States played tricks and discovered that no student had read the class plan