The coronavirus boom in online grocery sales is slowing from their April peak, even if 2020 has been a landmark year for internet purchases. That is the conclusion by a recent S&P Global Market Intelligence report.
While online sales in April had grown by 300% beyond the same period in 2019, that figure has dropped to a 200% expansion for the first half of June, according to data from Rakuten Intelligence based on figures derived from 34 companies.
The same trend applies in varying degrees to some of the biggest players in the space: Instacart, Kroger and Amazon Fresh, the online retail giant's grocery subsidiary.
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Dan Packel
Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at dpackel@alm.com. On Twitter at @packeld
