EQM Indexes CEO says online retail sales growth has surpassed stores for first time since early 2021

EQM Indexes co-founder and CEO Jane Edmondson takes Proactive’s Stephen Gunnion through the ‘IBUY’ Monthly Global Online Retail Market Report for September, which shows digital sales growth outpacing that of ‘brick-and-mortar’ stores for the first time since early 2021.

Edmonson noting that US e-commerce grew 7.3% in the second quarter of 2022. While the performance was more muted as Amazon Prime Day dollars shifted to the third quarter, Edmondson said consumers have been returning online for better prices, selection, and convenience as they become more discretionary with their purchases due to higher energy costs and inflation.

The Global Online Retail UCITS ETF (IBUY) seeks to provide exposure to the rapidly growing online e-commerce market as competitive pricing, shopping convenience, greater product selection and rapid delivery have made online shopping a disruptive technology that continues to exhibit strong growth characteristics, gain market share, and expand globally.

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