Online share of retail sales jumps to 19% amid lockdowns: UN By Reuters – Investing.com
- Date: 03-May-2021
- Source: Investing.com
- Sector:Retail
- Country:Middle East
Online share of retail sales jumps to 19% amid lockdowns: UN By Reuters – Investing.com
ZURICH (Reuters) - Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed.
Online sales accounted for 19% of overall retail sales in 2020, up from 16% a year earlier, according to estimates from the UN Conference on Trade and Development (UNCTAD) based on national statistical offices in major economies.
South Korea reported the highest share at 25.9%, up from 20.8% the year before. China had a 24.9% share, Britain 23.3% and the United States 14.0%.
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