E-Commerce Sales Kept Accelerating in May: How to Invest in the Trend
Many people started returning to offices, retailers started opening their doors again last month, and Americans started buying again. Retail sales climbed 17.7% in May from their April lows. Retail sales fell 8.7% in March and another 16.4% in April.
But one area of the market that's grown throughout the coronavirus pandemic are non-store retailers. Retailers that rely mostly on online sales like Amazon (NASDAQ: AMZN) saw sales climb 3.1% in March and 8.4% in April as physical retailers remained closed. In May, non-store retail grew another 9.8%, despite more physical stores opening.
That's evidence that the effects of the pandemic on shopping habits will be long lasting, and investors may be able to capitalize on a long-term trend.
Source Fool.com
