Online
That's a prediction from
The figure reflects an increase of 11.7% compared to 2021, and is in line with a pre-pandemic growth expectation, according to the firm's 2022 U.S. Online Retail Forecast report.
The COVID-19 pandemic caused approximately
"There is persuasive evidence that COVID-19's impact on e-commerce shopping will be enduring," J.D. Wichser, leader of the Retail & Consumer Products practice, said in the release.
"However, the rocket-like growth of online retail during COVID-19 certainly will moderate. Online sales in the past two years were driven by necessity — shopping from home due to stay-at-home living and work conditions — as well as more discretionary income due to government stimulus, a speedy jobs recovery and increased savings. This will modulate over time, exacerbated by recent inflationary pressure, which is expected to slow total retail spending over the second half of 2022 and is quickly becoming the primary source of stress for consumers, who don't know how long it will persist."
The firm predicts
Copyright © 2022 Networld Media. All rights reserved., source