Average order values are declining and may reflect the impact of the growing ranks of the unemployed.
While states across the U.S. are ratcheting up efforts to restart their economies — including retail and service-related businesses — online sales remain robust. But while e-commerce soars, average order values are declining and may reflect the impact of the growing ranks of the unemployed.
In regard to online sales, data from COVID-19 Commerce Insight for the past seven days shows online sales for traditional retailers trending up 54 percent in the U.S., which compares to 96 percent year-over-year revenue growth for pure-play e-commerce sites. For fashion and accessories, online sales in the U.S. are up 65 percent year-over-year for traditional retailers, which compares to 117 percent for pure-play sites.
For local municipalities in the U.S., store closures relating to the COVID-19 pandemic along with recent protests are eating away at much-needed revenue from sales tax receipts. Last week, for example, state lawmakers in North Carolina convened to hash over the impact of store closures this past spring on sales tax revenue. The total shortfall in the budget is about $4 billion, with the largest portion due to lower sales tax receipts.
In some areas, local economies are being impacted in other ways. Shortfalls at the Metropolitan Transit Authority of Harris County in Texas, for example, could total $100 million, officials said last week after reviewing the impact of COVID-19 as well as record-low fuel prices on the Houston-area oil economy. Services are expected to be cut as a result.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Online poker betting hits a record high during the pandemicWith sports leagues on hiatus and casinos across the country closed because of the coronavirus, people have been placing bets online from home, leading to several records in online gambling numbers in 2020. States betting big include PA and NJ.
Lire la suite »
The Online Classes Actually Worth TakingBake with Milk Bar founder Christina Tosi, challenge yourself to graduate-level courses, or take a Zoom Pilates class with Ayesha Curry and other celebrities
Lire la suite »
Next Billion-Dollar Startups: Online Pharmacy Capsule Leads Healthcare- And Tech-Heavy ListThis year's Next Billion-Dollar Startups list reflects the bright spots in a tough economy, notably healthcare by amyfeldman
Lire la suite »
8 Teacher-Approved Ways to Help Your Child With Online LearningWith most schools closed, what initially seemed like the world's longest day off has since evolved into an uncharted area of stress and grainy Zoom calls. No
Lire la suite »
ESPN Player: Watch live and on demand sports video onlineThe Last Dance was everything we could ask for and more 🙌 Stream TheLastDance on ESPN:
Lire la suite »
Where to Buy Seafood Online, According to Chefs That Run Seafood RestaurantsFrom premium oysters straight out of the Pacific Northwest to sushi-grade fish from New York City.
Lire la suite »