Brick & Mortar Melts Down as Ecommerce Jumps by Most Ever

  • “Ecommerce sales in the third quarter 2019 spiked 17.3% from a year ago to $145.7 billion,
  • Ecommerce sales will exceed $600 billion in 2019, double the amount five years ago.
  • Walmart…Despite many costly flops, its ecommerce sales have been soaring, including by 41% year-over-year in Q3.
  • Total retail sales, which includes ecommerce, in Q3 rose 4.0% year-over-year to $1.38
  • Sales at brick-and-mortar department stores in Q3 fell 5.7% year-over-year to a new multi-decade low of $33.8 billion…They’ve collapsed by 41% from the peak in Q4 2000 and by 20% from the beginning of the data series in 1992.”

https://wolfstreet.com/2019/11/22/ecommerce-sales-jump-by-most-in-history-brick-mortar-melts-down/

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