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US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account US e-commerce sales grew 49% last month, according to Adobe Analytics.Īs online shopping continues to grow, it will reshape jobs and the future of malls and storefronts across America. Retail analysts expect the coronavirus pandemic to accelerate the appeal of online shopping as more consumers likely stay home and socially distance in the coming years.

Online shopping holiday Cyber Monday has become bigger than Black Friday, and investors judge retailers each quarter on how much online sales climb. Retail jobs at most physical stores have declined, while they are growing at fulfillment centers and in transportation jobs. Retailers are racing to expand their online operations to keep pace with demand. This incredibly popular store is one of the hardest to socially distance inĪlthough e-commerce still only represents around 12% of US retail sales, online sales are growing faster than brick-and-mortar purchases. TJ Maxx, 8th Avenue and West 57th Street, New York, NY Brian Bumby/Moment Mobile ED/Getty Images (JCP) and Sears have plunged into bankruptcy in recent years. (AMZN) is arguably the most powerful company in America, while powerhouse chains that struggled to make the transition online like JCPenney Twenty-two years later, online shopping has transformed the retail industry. “On screen, mix-and-match guidance for the style-impared web surfer.” “Did you know there were 100 types and styles of Levi’s and Docker’s?” CNN reported at the time. Amazon was four years old, having launched in Jeff Bezos and his wife MacKenzie’s garage in Seattle as an online bookseller. Brick-and-mortar retailers saw the web as an opportunity to reach tech-savvy customers in a new way and decided to test it out.

“America now browses with browsers, window shopping with Windows,” CNN reported in 1998 about retail giants like Macy’s, JCPenney and Borders bookstore creating websites to sell their goods to customers.Īt the time, selling clothing and books on the web was a novelty.

Amazon online store