3 Top E-Commerce Stocks to Buy Right Now
The world was already hurtling toward e-commerce accounting for a greater percentage of total retail sales before the pandemic struck, and now it is climbing at an inexorable rate.
eMarketer says global retail sales fell by 2.8% in 2020 to $23.6 trillion as consumers shifted their habits to buying online. E-commerce sales rocketed over 25% last year, hitting 4.2 trillion, or nearly 18% of all retail sales. While reopened economies let the brick-and-mortar world begin growing again in 2021 -- eMarketer forecasts retail sales will hit $25 trillion worldwide this year -- e-commerce is still growing by double-digit rates.
Global online sales should climb $4.9 trillion and soon account for one out of every five retail sales made. There are a few e-commerce names that will garner the lion's share of these sales, and they should be considered for every investor's portfolio.
Source Fool.com
