- By Kara Driscoll Staff Writer
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