Last month’s statistics are in. Once again it seems that e-commerce is taking a bigger bite out of regular retailers. According to MasterCard,online sales had a double digit jump this past February, growing by 13.2%. This serves as another indication that the industry is changing quickly.
Online shopping deals are attracting more shoppers for the fourth consecutive month. The company’s SpendingPulse unit is in charge with gathering all of the transactions and delivering the data. Since all transactions are logged in real time, the unit can deliver these statistics at the beginning of every month.
Meanwhile, many online jewelry deals caused online jewelry sales to increase by 7.2% year over year in February following a 9.2% decline in January.
SpendingPulse analyst John Gamel says that “Online electronics sales, unlike the total electronics sales, are still in positive territory.”
With consumers staying at home to shop, the online retail industry is booming, allowing for better bargains and a competitive edge on outside shops and malls. Many customers prefer to wait for the online deals and many often search for online coupons and codes that can make the bargain even cheaper. It will be interesting to see how online sales will influence the economy’s recovery in the next few months. Maybe online sales can be a big part of the economic solution?
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