NEW YORK – U.S. consumer spending on e-commerce is expected to hit a record $1 trillion this year thanks to the pandemic-driven shift to online shopping, a report from Adobe Analytics contends.
The forecast represents a jump of 13 percent from 2021 and follows a total spend of $1.7 trillion over the course of two years of the COVID-19 crisis, starting March 2020.
“The pandemic was a consequential moment for e-commerce. Not only did it accelerate growth by nearly two years, but it also impacted the types of goods consumers are willing to buy online,” said Vivek Pandya, lead analyst at Adobe Digital Insights.
For 2022, the National Retail Federation (NRF) forecast non-store and online sales to grow between 11- and 13-percent to a range of $1.17 trillion to $1.19 trillion.
The trade body expects overall retail sales, excluding automobile dealers, gasoline stations and restaurants, to rise between 6 percent and 8 percent.
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