E-commerce is still growing

Daily Data: Online shopping leads while others lag

In today’s dispatch:

• ecommerce says ‘boo’ to your headwinds

• Walmart does ecommerce

• ecommerce is now a lending business

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E-Commerce is still growing

While everyone breathlessly waits to see if the January consumer spending swoon was bad weather or something else, one thing is still relatively true: e-commerce continues to be massive.¹

According to YipitData, the only consistently positive category of spending (over the past few months) was ecommerce (represented by the somewhat hard-to-see light yellow line):

Every other category of retail spending has been something of a rollercoaster lately, but not ecomm.

BofA’s panel, which includes the first few weeks of February, tells a similar story, albeit with slight declines to ecommerce (but less so than any other category):²

While Brick & Mortar retail declines ~3% YoY, ecomm is hovering around breakeven.³

For January, you could blame the weather, but not for February.

There’s just something about being a Nation of Shut-Ins using cool new alternative financing products that keeps ecommerce going strong.

Walmart loves ecommerce

Walmart reported this week, and it felt the urge to highlight growing ecomm sales:⁴

Pretty substantial ecommerce growth for both international and US markets.⁵

Shopify loves ecommerce (and lending)