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
Wink Deals Smart Shopper with AI
Welcome to the future! Please join our family of Smart Shoppers with built-in (AI) Artificial Intelligence!
Our automated systems scan the world wide web for the best deals we can find and pass on the savings to you, with a twist! We strive to look for the most popular products 24/7 365 days a year!
Please join our Amazon Smart Shopper Portal by clicking the below “Wink Deals on Amazon”
WinkDeals.shop
http://www.winkdeals.shop
