With more store closures, online shopping to grow 16 percent in 2018


With thousands of brick-and-mortar stores expected to close this year, online shopping is expected to grow 16 percent this year.

That means e-commerce sales will account for approximately 10 percent of U.S. retail sales in 2018, according to a report by eMarketer. U.S. e-commerce sales will reach $526.09 billion, representing 10 percent of total retail sales.

» TRENDING RETAIL NEWS: Will more stores close in 2018? No comeback for traditional retailers

Total U.S. retail sales will grow 3.7 percent to reach nearly $5.3 trillion.

More people are using their smartphones to shop too. Mobile shopping will continue to increase, reaching $208.29 billion in 2018, up more than 32 percent compared to 2017. Mobile sales will account for half of e-commerce sales by 2020, according to the report.

FIVE FAST BUSINESS READS

• Kroger sells off convenience store business for $2.15B

• Toys ‘R’ Us going-out-of-business sales start this week

• Move over, bitcoin. GE researching blockchain technology

• Elder-Beerman parent company says 60+ stores could close under plan

• German grocery chain Lidl halts plans to open local store



Reader Comments ...


Next Up in Business

Vectren applies to raise natural gas rates
Vectren applies to raise natural gas rates

Vectren Energy Delivery of Ohio is applying to the state for an increase in rates, the company said Wednesday. Vectren submitted a pre-filing notice Wednesday with the Public Utilities Commission of Ohio (PUCO) indicating it seeks to raise charges for its gas distribution business in its 17-county West Central Ohio service. The average residential...
Springfield’s biggest employer to merge with East Coast health system
Springfield’s biggest employer to merge with East Coast health system

Mercy Health, which operates the Springfield Regional Medical Center and Mercy Health-Urbana Hospital in Champaign County, will merge with Bon Secours Health System, a Catholic health ministry serving residents across the East Coast. Mercy Health, headquartered in Cincinnati, is the largest employer in Springfield. It’s the largest health...
Champaign County officials push forward plan to build new hotel
Champaign County officials push forward plan to build new hotel

Champaign County economic development leaders will push ahead with a proposal that could lead to a new hotel in Urbana as early as next year. A recent review conducted by a Wisconsin-based consultant showed there’s enough demand in Urbana that it would be feasible to build a new hotel with at least 70 to 80 rooms and meeting space, said Marcia...
DELICIOUS NEWS: This Dayton cupcake shop is getting big props from Ohio government
DELICIOUS NEWS: This Dayton cupcake shop is getting big props from Ohio government

A Dayton bakery has received big props from the state of Ohio.  Twist Cupcakery, located at 25 S. St. Clair St. in downtown Dayton, has been selected by Secretary of State Jon Husted as one of February’s featured businesses for the Ohio Business Profile Program. “Twist Cupcakery is a unique sweets and confections bakery that...
JUST IN: Fairborn may sell historic firehouse to local coffee chain
JUST IN: Fairborn may sell historic firehouse to local coffee chain

The city of Fairborn has reached a preliminary agreement to sell its historic Firehouse #1 to an independently owned coffee company, which has plans to open a drive-through and retail coffee shop there. The deal is not yet complete, but both Fairborn City Manager Rob Anderson and Bill Miller Jr., founder and CEO of Grind House Coffee and Tea Co...
More Stories