According to Digital Commerce 360 analysts, ecommerce sales grew 32.4%, reaching $ 791.70 billion in 2020. The epidemic has created an additional $ 105.47 billion in ecommerce revenue, and online sales, according to analysts, saw retail sales reach $ 4.04 trillion last year.
An epidemic is a vehicle for change in the way we work, shop, and interact. Ecommerce is flourishing as many consumers start new hobbies or complete DIY projects. Home Depot and Amazon have seen a spurt in online growth. Below, we look closely.
Home Depot reported an estimated 24% increase in sales during the third quarter compared to a year earlier. Home Depot’s annual sales soared to $ 132.11 billion. This main competitor, Lowe’s, reached $ 89.6 billion in annual sales for the same time period.
The growth is largely due to the strong home-improvement trend sent by the epidemic. Richard MacPhail, Finance Head of Home Depot, confirmed that “the strong and consistent demand environment we have seen in the last nine months continues until February.”
Some of the most popular products that drive this growth include:
Tregger Pro 575 WiFi Pellet Grill & Smoker, This beautiful grill allows you to adjust the temperature and monitor everything on your phone. Cleaning your grill is quick and easy and is rated 4.5 out of 5 by consumers. This versatile pellet grill and smoker will definitely inspire you to stay outside in the garden.
Use your green thumb ECHO 4 gal. Internal Piston-Pump Back Pack Sprayer. It is designed to be used with powder, liquid and water and boasts a 4.3 out of 5 rating by customers. This handy backpack sprayer makes gardening a chore.
Retail giant, Amazon has seen that this revenue grew by about 37% compared to the 2019 financial year. Amazon’s chief financial officer, Brian Olasavsky, confirmed that the strong growth was filled by “strong demand across all major product categories”.
The Amazon Cellar State of the Home and Kitchen and Sports and Outside categories are Amazon’s top two categories according to Jungle Scout’s 2021. The Home & Kitchen category has an impressive 40% of sellers with products listed in this category. Shared with Pet Supplies ranks 10th on the 13% product list of clothing, shoes and jewelry.
VIFUUR Water Sports Shoes Barefoot Quick-Dry Aqua Yoga Sock-Slip-On For Men’s Women Agile comes in a range of colors and sizes and is rated 4.3 out of 5 by customers.
Crocs are making a comeback! Playful and colorful Crocs Will comfortably fit their feet with a 4 out of 5 consumer rating.
Adidas Men’s Adilate Shower Slide Sandals An impressive 4.6 out of 5 rating, falls in a range of colors and sizes. Unlike crocs, these sandals are not a fashion faux pas.
And to be more fashion conscious – Carlomderno offers a wide range of fashionable footwear in playful colors.
With the strong growth of online shopping, consumers are facing a growing concern: online scams. The American public suffered an estimated $ 4.2 billion in damages according to FBI cybercrimes. The FBI reported a 69% increase over the previous year in relation to cybercrime related complaints.
Shoppers can protect themselves from scams with these easy steps
- Take a closer look at the URL. Most of us will use a search engine to find websites. To make sure you’re on the right webpage, take a closer look at the address bar. Note any misspellings or typos. When in doubt, retype the URL manually.
- Look for a padlock in the address bar. Clicking on the padlock in the address bar will open a dropdown menu with valuable information about valid certificates, the number of cookies in use, and other site settings. A padlock indicates that the site is verified as safe. Carlomedorno has installed such padlock on its site.
- Unsure if a site is legitimate? Like use site checker UrlVoid.com Or use Google Transparency Report.
- Watch for trust seal.
- Read reviews. Consumer affairs Offers a comprehensive list of online stores.
- Do not share your social security number.
- Beware of cookies and how they track data.
The epidemic proved to be a stimulus for growth, especially in the online shopping sector. Working from home has helped the e-commerce and DIY sector grow and shows no signs of slowing down. In a rapidly evolving digital world, consumers have more options than ever before to talk about shopping, products and services. The world is evolving and in these exciting times, we need to be vigilant to protect ourselves from online scams.
Home improvement and online shopping trend have continued strongly in the current year. It is not unreasonable to think that this trend may be due to more and more business migration into the digital world.