The Economist May 23rd 2021 pp56|Business|Online Retail Sales|”Like Christmas every day” “From self-isolation to self-service aisles”
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Summary provided by 2244
Online sales continue to increase markedly as reported by major retailers. The pace is slower than during the pandemic but “as shoppers emerge from self-isolation they are in a splurging mood.” Target reported “digital sales rose by 50%” Q1 2021 Vs Q1 2020 with Target’s “apparel sales” up by “over 60%.”
Online retail sales in the U.S., Japan and Britain are showing a similar pattern rising from Q1 2019 and peaking Q4 2020 and now settling just below the peak. For the U.S. the peak was $250 billion and now at $200 billion. Looking at Target, Amazon, Walmart and Home Depot the % increase from a year earlier follows similar trends as well. Looking from Q1 2020-Q1 2021 Target online retail sales increase ~100%, ~190%, 150% , ~110%, 50%, Amazon 25%, 50%, ~35%, ~45%, ~45%, Walmart ~70%, ~95%, ~7-%, ~60%, ~25% and Home Depot ~75%, 100%, ~75%, ~80%, ~25%.