E-commerce growth is moderating compared to last year's surge, but it remains strong enough to reach a long-awaited milestone much sooner than anyone predicted: online retail sales will top $1 trillion this year.
A new report from FTI Consulting projects that e-commerce will hit the $1T mark in Q3 of 2022, three years earlier than the firm predicted it would before the pandemic hit.
FTI's new report says the e-commerce share of retail sale will hit 22.1% this year, up from 20.8% in 2021 and 15.2% in 2019. After four quarters of what FTI calls "hypergrowth" in 2021, the company says e-commerce sales—which have doubled in the past four years—still are brisk but are moderating.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
