The online shopping revolution has been sped up quite significantly
New data from banks and payments platform providers shows that the online shopping revolution has been sped up quite significantly due to lockdowns, driven by education and grocery spending.
In 2019, online retail made up just 1.4%, or R14bn, of total retail sales for the year. So far in 2020 that number is said to have reached 5%, with expectations that it will get to 10% by the end of 2020.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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