“Frank Badillo, director of research for MacroSavvy, …forecasts that online sales will represent about 12.5 percent of holiday retail sales this year, driven by double-digit sales growth and led largely by Amazon.com.
He said this will put online retail sales third in size behind sales in grocery stores, which are No. 1, and big-box/mass retail stores (which include Walmart, Target, and everything from supercenters to warehouse clubs, which rank No. 2.”
This is an excerpt from the Philadelphia Inquirer. The full article is found here.
