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Tag: Strong Surge in US Online Retail Hits $222.1 Billion Amid Economic Challenges

Strong Surge in US Online Retail Hits $222.1 Billion Amid Economic Challenges

Strong Surge in US Online Retail Hits $222.1 Billion Amid Economic Challenges

News, Retail News
Strong Surge in US Online Retail Hits $222.1 Billion Amid Economic Challenges In the face of a challenging economic landscape, U.S. online retail has experienced a robust upswing, with consumers driving positive spending growth during the 2023 holiday season. According to data from Adobe Analytics, the industry recorded an impressive $222.1 billion in total, showcasing a year-on-year growth of 4.9%. This data, analyzing over one trillion visits to domestic retail sites, 100 million stock-keeping units (SKUs), and 18 product categories, offers valuable insights into the dynamics of U.S. e-commerce. Consumer spending was buoyed by significant discounts in key categories like electronics, toys, and apparel, along with the increased adoption of the Buy Now, Pay Later (BNPL) payment method....