Some Stores May Soon Use One-Third Of Their Space For E-Commerce Fulfillment
Jul 28, 2021
E-commerce, already on the rise when it was propelled by the pandemic, could lead stores worldwide to dedicate as much as a third of their space to online order fulfillment, according to research from Edge by Ascential. That’s based in part on the firm’s estimate that by 2023, 34.8% of global chain retail will be online, up from 30% in 2021, rising to nearly 40% by 2025. But online retail sales are considerably lower in the U.S., where even swiftly rising e-commerce is set to reach 23.6% of retail sales by 2025, according to a July report from eMarketer. Store fulfillment services are on pace to reach $140.96 billion by 2024, per that report. Read more at Retail Dive.
