The US online grocery market posted $7 billion in sales this May, a drop of nearly 16% percent from $8.3 billion in May 2020, said a new report from S&P Global Market Intelligence.

But at three times its total from August 2019, merchants remain optimistic it is a safe place to expand.

"A lot of the investment that you see is going back and investing in things like automation, robotics and things that can help the scale of the business that we see today run more efficiently," Tory Gundelach, senior vice president of retail insights at Kantar, told S&P.

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