Overall retail sales in the U.S. are expected to decline 10.5% in 2020 due to the impact of the coronavirus pandemic , according to a report by eMarketer as reported by Chain Store Age. A sharp divergence between brick and mortar sales and ecommerce is emerging, with online sales expected to rise 18% and offline sales expected to decline 14%, according to the report. Offline sales may take up to five years to return to pre-pandemic levels, the report predicts, and despite increases in e-commerce sales, total retail sales will also take years to recover.
Big increases in sales of groceries and health, personal care and beauty are expected to drive the increases in ecommerce sales. New behaviors like "click-and-collect" (used by many comic and game stores during shutdowns and partial re-openings) have grown dramatically, according to the report.
As E-Commerce Grows 18%
Posted by Milton Griepp on June 30, 2020 @ 2:46 am CT
To discuss this article and view comments, you must be an ICv2 Pro subscriber. Register now or sign in.
MORE COMICS
According to New Estimate by ICv2 and Comichron
July 10, 2020
Comics and graphic novel sales topped $1.2 billion in 2019, according to a new joint estimate by Comichron's John Jackson Miller and ICv2's Milton Griepp.
RILA Letter Says 'A Uniform Approach Is Essential'
July 9, 2020
The letter decries the current patchwork of rules, and notes that retailers are put in the position of confronting sometimes hostile and violent shoppers opposed to stores' mask rules.
MORE NEWS
Sequel to' Bandido' Card Game by Helvetiq
July 10, 2020
Asmodee USA revealed Bandida , a card game by Helvetiq, for release into U.S. trade in August.
'Power Rangers: Rise of the Psycho Rangers' Expansion
July 10, 2020
Renegade Game Studios will unleash Power Rangers: Rise of the Psycho Rangers, a new expansion for Power Rangers: Heroes of the Grid, in September.
