E-commerce Could Account for 13% of Retail Sales by 2020

In The Daily Scoop by Lauren Parker, Accessories MagazineLeave a Comment

Online retail sales will account for 13% of global retail by 2020, or $3.8 trillion out of a global retail market of nearly $30 trillion, according to a new study by England-based digital commerce and fintech consulting firm Juniper Research. The report, “Mobile & Online Remote Payments for Digital & Physical Goods: Opportunities & Forecasts 2018-2022,” notes that many retailers, like Sears, are shuttering stores, but “most are now using apps and online channels to augment offline spend.” Read more at Retail Dive