Morgan Stanley expects COVID-19 to pull forward the US e-commerce penetration rate by at least two years.
It said more people are shopping online because they're sheltered home, spending less on experiences like travel, while the government stimulus check is boosting purchases.E-commerce penetration in the US is expected to speed up by a couple years due to the massive shift to online shopping during the COVID-19 pandemic, according to Morgan Stanley.
As a result, Morgan Stanley estimates e-commerce to account for over 23% of US retail this year, up by more than 5 percentage points from the previous year. In fact, e-commerce captured only 12% of the $170 billion in available dollars from lost retail sales during the month of April, yet still managed to grow 58% year-over-year, or 4 times faster than the year before, according to Morgan Stanley estimates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Trump was taken to an underground BUNKERPRESIDENT during protests over the death of GeorgeFloyd
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
YouTube at 15: The inside story of YouTube's history - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $THETA You left out the part how YouTube helped amplify white supremacists, flat earthers, anti-vaxxers, and other dangerous nutjobs, all for money to the detriment of society. 15 years to build one of the most detestable piles of shit ever unleashed on society
Source: BusinessInsider - 🏆 729. / 51 Read more »
How COVID-19 is accelerating the need for digital B2B payments - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
COVID-19 compared to other common US causes of death - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Every other figure here is will continue to rise throughout the year while COVID is currently topping off Florida has a spike in 'pneumonia' deaths A lot of the red bar should be re-distributed to the blue bars, since anything is labelled as CoVid-19.
Source: BusinessInsider - 🏆 729. / 51 Read more »
I was a house sitter in New Zealand, then COVID-19 happened - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Hundreds of South Korean schools closed amid spike in COVID-19 cases - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bad news
Source: BusinessInsider - 🏆 729. / 51 Read more »
Joe Mullings says gig work will replace full-time jobs after COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. CONSULTANTS Consultancy 👍🏻👍🏻 Is there a maximum height for skyscrapers? The answer.
Source: BusinessInsider - 🏆 729. / 51 Read more »