Do Physical Stores Still Have a Future?
E-commerce has been a force to reckon with in recent years. The proliferation of smartphones and the rise of 4G networks (with faster download and browsing speeds) have led to a strong surge in online shopping, with global e-commerce sales rising from $1.34 trillion in 2014 to $3.5 trillion in 2019 for a stunning compound annual growth rate (CAGR) of 21%. Statista predicts that e-commerce sales will continue to grow at a CAGR of 16.6%, hitting $6.5 trillion by 2023. Top e-commerce retailers like Amazon, JD.com, and Apple have been performing superbly. These are the three largest online store operators by revenue for 2018, each clocking revenue of more than $20 billion.
Source Fool.com
