Reported 5 months ago
U.S. retailers like Target and Walmart are experiencing a surge in online sales as consumers seek convenient delivery options for home goods and groceries, driven by factors such as high gas prices and attractive deals post-pandemic. E-commerce sales accounted for 15.9% of total U.S. retail sales in the first quarter, the highest since the peak of the pandemic in 2020. Target and Walmart reported significant growth in online sales, with Target attributing its success to expanded product availability and same-day delivery, while Walmart highlighted the appeal of its third-party marketplace and subscription services like Walmart+ offering unlimited free deliveries. Additionally, Lowe's saw growth in online sales through partnerships with delivery services. These trends reflect a shift in consumer behavior towards online shopping, influenced by factors like rising gas prices and convenience.
Source: YAHOO