US brick-and-mortar sales grew faster than e-com in 2021: Govt data

23 Feb '22

2 min read

Pic: Shutterstock

US 2021 retail sales were worth $6.6 trillion—a 17.9 per cent rise from the 2020 figure. Brick-and-mortar stores grew faster than e-commerce for the first time, with the former growing at 18.5 per cent and the latter at 14.2 per cent. Last year was one of the strongest years in US retail history, growing more than twice as fast as any of the last 30 years.

That 14.2 per cent e-commerce growth is slightly above the typical annual growth rate, but much lower than the 31.8 per cent growth the sector witnessed in 2020, US Census Bureau data showed.

In 2019, e-commerce sales in the country comprised 10.7 per cent of all retail sales. During the pandemic in 2020, e-commerce grew to 13.6 per cent of all retail sales. In 2021, its share of retail sales dipped to 13.2 per cent.

US retail and food services sales for January 2022 were worth $649.8 billion, an increase of 3.8 per cent from the previous month and 13 per cent above January 2021, according to advance estimates adjusted for seasonal variation and holiday and trading-day differences.

Total sales for the November 2021-January 2022 period were up by 16.1 per cent from the same period a year ago.

The US Census Bureau recently announced the advance estimates of retail and food services sales for January this year.

The November 2021 to December 2021 per cent change was revised from down 1.9 per cent to down 2.5 per cent. Retail trade sales were up by 4.4 per cent from December 2021, and up by 11.4 per cent above last year.

Fibre2Fashion News Desk (DS)

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