eCommerce Spikes by Most Ever. Brick & Mortar Melts Down. Department Stores Are Toast

by Wolf Richter
Wolf Street

What’s astounding many people: ecommerce growth is not leveling off, but keeps surging at blistering rates.

Ecommerce retail sales jumped 16.4% in the fourth quarter 2019 compared to a year earlier (not seasonally adjusted), to $187 billion, and reached $602 billion for the year, double the amount five years ago, according to the Commerce Department. Ecommerce retail sales in Q4 were $26.4 billion higher than in Q4 a year earlier, the biggest year-over-year dollar-gain in the history of ecommerce, as it continues to gain momentum, instead of losing it:

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