Inflation Is Killing Online Groceries, but These 3 Stocks Are Still Winning
Online grocery sales plummeted over 12% in May compared to April as food prices soared by a similar amount, making this the fourth month out of the last five that they fell.
While e-commerce food purchases are still up year-over-year, "customers are increasingly focused on finding ways to pay no more than necessary when shopping online," according to the latest Brick Meets Click/Mercatus Grocery Shopping Survey.
Yet, something else was also very apparent in the survey results: Not all grocers are feeling the pain quite as severely as others. That means investors can still profit from the online shopping trend that really began in earnest during the early stages of the pandemic.
Source Fool.com
