Saturday, October 17, 2020

Spike in US Retail eCommerce Sales due to the COVID-19

Though the US brick-and-mortar retail sales is expected to decline 14% this year due to the COVID-19 (Corona Virus) pandemic situation, but US retail eCommerce sales is expected to increase significantly across all categories. According to a study conducted by eMarketer, US ecommerce sales growth will surge to 18.0% this year, the highest on record since the eMarketer calculating this metric in 2008.

Retail Ecommerce Sales in the US

The YoY forecasted change in % of sales generated through eCommerce for the Food & Beverage category was from 23.4% to 58.5% and for the Health, Personal Care & Beauty category was from 16.6% to 32.4%. These two categories are expected to see the overall revenue growth. The other retail eCommerce categories have also increased due to the COVID-19 (Corona Virus) pandemic situation. The following chart has been presented in the Microsoft Advertising event "The Art and Science of Audience + Automation", held on October 15, 2020.

Growth of US Retail Ecommerce Sales in COVID-19

According to another study of eMarketer titled "US Holiday 2019 and Looking Ahead to Holiday 2020 Planning", online sales for the Holiday 2020's biggest weekends are expected to double digit growth for the retail eCommerce. The Black Friday online sales and Cyber Monday online sales are expected to increase 20% both, followed by Small Business Saturday 18% and Thanksgiving 15%.

Double Digit Growth of Online Sales in COVID-19

While retailers are expected to see negative impact to in-store visits noticeably due to the COVID-19, but the retail eCommerce sales have increased significantly. If you're running any retail business online, read some simple small business online marketing tips during the COVID-19 (Coronavirus disease) pandemic situation.

Google recently brought Google My Business Service Availability feature due to the COVID-19 situation to let customers know if any business provides online appointments and services. Activate the feature for your business today to increase the potential business leads and/or eCommerce sales as per your business goals!

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