US Ecommerce Penetration as a % of Retail Sales (N.B. retail sales includes purchases of many products that are rarely purchase online, such as gasoline, cars, perishable food, etc.)pic.twitter.com/hMZy3VOPm3
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I doubt this will hold past lockdown. This is both increased digital spend and decreased denominator. Still think this accelerated the shift, but would be surprised by a consistent 27% a year from now
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Yeah, back to ~22% and then continued upward trend sounds about right. Online grocery is for sure a long term beneficiary. Wayfair’s 90% revenue growth is dropping back down to 30-40% max
Thanks. Twitter will use this to make your timeline better. UndoUndo
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