Online Sales May Have Officially Taken Over The Market
For the first time in an annual survey, online purchases outnumbered those in-store.
What's better than shopping? Apparently, not having to go to the store to do it.
For the first time in an annual survey by UPS and comScore, purchases online outnumbered those in physical stores.
Last year, online sales made up 48 percent of purchases in the study. Now they represent 51 percent.
But you might take this finding with a grain of salt. If you dig deeper, you'll find participants had to make at least two online purchases in a typical three-month span to be counted in the study.
Still, a supply-chain consultant told The Wall Street Journal: "There's been a dramatic shift. Over time, people are getting more and more comfortable" shopping online. He says that's really hurt retailers.
Some businesses are now opting to cut their inventories and have their physical locations be a place for customers to see the products in person before buying online.
The strategy may be working. UPS reports 1 in 6 participants visited one of these "showrooms." And remember, these are "avid online shoppers."
Texas bill would ban nationals from 4 countries from buying land
A proposed Texas bill prohibits land sales to entities and individuals with ties to North Korea, Russia, China and Iran.By David J. Phillip / AP
How do Amazon packages get delivered so quickly?
When retailers like Amazon deliver on their speedy shipping promises, it’s good news for consumers. But it can compromise workplace safety.By Mark Lennihan / AP
McDonald's Among Companies Trying To Stop California Minimum Wage Hike
In-N-Out, Chipotle, Starbucks, Chick-Fil-A, Panda Express, and Domino's are among several companies opposing the $22 an hour minimum wage increase.By Nam Y. Huh / AP
Where Gen Z gets its news: social media
A 2022 poll shows the favorite news source for Gen Z is social media.By Martin Meissner / AP
Federal funding helps Jackson, Mississippi address water crisis
A Jackson restaurant owner shares what the millions headed to the city could do to help businesses like his deal with aging infrastructure.By AP
Inside the chaotic system of New York's immigration services
Lack of information, guidance and a language barrier are just a few issues migrants face while waiting sometimes overnight in lines.By Scripps News