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Online sales to hit major milestone this holiday season
According to eMarketer’s holiday sales preview forecast, ecommerce will surpass 10% of total U.S. holiday retail sales for the first time this year. Total retail sales will increase 3.3% over the same period last year, to $884.50 billion, according to the report. Holiday retail ecommerce sales will jump to $94.71 billion, representing 10.7% of total holiday retail sales. -
Online grocery competition to heat up
One of the country’s oldest online grocers just secured a major cash infusion to help it expand its services. FreshDirect has received a $189 million investment, led by JPMorgan Asset Management, that will be used to launch its grocery delivery service in more cities, to expand new business units and incubate others, reported RECode.