U.S. Census data out this week show that, for the first time, Americans are buying more things over the internet than they did in stores. In February, online sales accounted for 11.812% of the $506 billion spent on retail purchases, according to the agency. That barely topped the 11.806 percent of sales that happened in department stores, warehouse clubs and big-box chains.
By comparison, online sales made up roughly 5% of total retail spending in the late 1990s, as ecommerce was starting to take off. And while physical stores are not about to go extinct, the ecommerce genie also is not about to go back in the bottle.
MySale Group (LON:MYSL) is a leading international online retailer with established retail websites in Australia, New Zealand, South-East Asia and the United Kingdom. Founded in 2007, the Group provides customers with access to outstanding brands and products at discounted prices whilst simultaneously providing brand partners unique international inventory and sales solutions.