As customers move online, so does the holiday shopping season - News Summed Up

As customers move online, so does the holiday shopping season


Jeff Gennette, Macy’s chief executive, said the dark stores are part of an experiment as the company responds to customers buying more online and demanding ever-faster shipping for free. The forces propelling online shopping were set in motion long before the pandemic. Last week, Walmart, the nation’s largest retailer, reported that e-commerce sales increased 79% in the third quarter, while its rival Target said its e-commerce business was up 155%. Across the industry, online sales are expected to increase at their fastest rate in 12 years, accounting for 20% of all retail purchases this year. Inside the Amazon fulfilment centre on Staten Island, New York, May 15, 2019.


Source: bd News24 November 24, 2020 14:14 UTC



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