Online Shopping Overtakes Brick-And-Mortar Sales

April 2, 2019 Business, Technology

Online shopping led by Amazon hit a new milestone in February. The total market share of “non-store,” or online U.S. retail sales was higher than general sales for the first time in history, according to a report from the Commerce Department this week.

Non-store retail sales last month accounted for 11.813 percent of the total, compared with 11.807 percent for general merchandise. Online sales is now the fourth largest sector overall, bringing in about $59.8 billion in adjusted sales for February.

Motor vehicles and parts is the largest segment, making up about 20 percent of all retail spending. Food and beverage store sales and restaurants and bar sales each make up about 12 percent.

Online shopping officially overtakes brick-and-mortar retail for the first time ever https://t.co/f4xJtavX1J

— CNBC (@CNBC) April 2, 2019