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E-commerce spending in April, May topped last 12 Cyber Mondays combined:

U.S. e-commerce spending between April and May topped online spending for the last 12 Cyber Mondays combined, according to Mastercard’s first report in its Recovery Insights series.

Online U.S. sales in April and May made up 22 percent of all retail sales, compared to 11 percent in 2019. That percentage represents more online spending than on the last 12 Cyber Mondays combined, according to Mastercard’s report.

“The shift to digital ways of shopping has been undeniable, while everything else has been incredibly unpredictable,” Steve Sadove, Mastercard senior adviser, said in a statement Wednesday. “The question is what changes will stick around for the long-term.”

Mastercard estimated an additional $53 billion in e-commerce sales in April and May, according to a press release. E-commerce sales increased 92.7 percent in May as states begin to reopen after the coronavirus pandemic forced businesses to close their doors in accordance with local lockdown restrictions.

CORONAVIRUS TURNS WALMART INTO AN E-COMMERCE DYNAMO


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