Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

How COVID Impacted Amazon And All Online Shopping

Published 11/18/2020, 01:16 AM
Updated 07/09/2023, 06:31 AM

Online shopping surged at the start of the COVID pandemic and still remains far above the previous trend.

Nonstore Retail Sales

Retail Sales Trends 2017-Present

COVID gave a boost to online shopping.

The lead chart excludes things one does not normally buy online like restaurants, gasoline, grocery stores, and autos.

While one can purchase a car online, it is picked up at the dealer and a dealer books the sale.

Of the remaining retail sales, nonstore retailers account for 31% of all retail sales.

Retail Sales Trends 1992-Present

Retail Sales Trends 1992-Present

COVID did not change the trend towards online shopping but it did accelerate the trend, and there is no going back.

Amazon Black Friday Week

Amazon (NASDAQ:AMZN) Black Friday Week starts Friday, Nov.20. You can ask “Alexa, what are my deals?” Amazon says tens of thousands of deals are coming.

Every online retailer will have to do the same to compete.

Department Stores Clobbered

Advance Retail Sales

Online sales pressure department stores more and more. Most will struggle to survive.

Congress is still bickering over a COVID package so a lot more pain is in store for those who don't have a job or are about to lose one.

The trend towards online shopping will accelerate.

More layoffs in the hospitality and restaurant sector are coming. Mom and pop retail stores won't make it. And more malls will die.

Original Post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.