E-commerce has seen accelerated sales growth in the United States, and around the world, in 2020. With the unprecedented events of 2020 came the unprecedented growth in E-commerce in America. According to Digital Commerce 360, US consumers spent $861.12 billion in 2020, up 44% year over year. We are now five months into the new year of 2021 and E-commerce in the United States has continued to increase. In this article Saw.com will be covering the growth of E-commerce in 2021 and how it will affect the domain industry.
E-commerce Surge in 2021
eMarketer reported that US shoppers are not returning to pre COVID-19 pandemic shopping behavior. Additionally, eMarketer predicts that “Even as stores reopen and brick-and-mortar sales rebound, we forecast that E-commerce will lose just a 0.1% share of total retail sales in 2021, before gaining more than 1 percentage point each year through 2024.”
What Does This Mean for the Value of E-commerce Related Domains ?
We have had a significant increase in the demand on all fronts related to E-commerce domain names. This has allowed us to sell such domain names for our clients, Cool.com, Chocolateshoppe.com, FronRowSeats.com, Essiactea.com.
Jeffrey Gabriel, Co-Founder and CEO of Saw.com.
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