Consumers Spent $900 Billion Online in 2020

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Con­sumers across the globe spent $900 bil­lion more at online retail­ers in 2020 com­pared with the pri­or two-year trend, accord­ing to a report released Tues­day by the Mas­ter­card Eco­nom­ics Insti­tute. Shop­pers are head­ing back to restau­rants and return­ing to stores to buy clothes and shoes in per­son. Yet they will con­tin­ue to stock their fridges and hunt for good deals online — a sticky habit devel­oped dur­ing the Covid pan­dem­ic, accord­ing to the report.Nearly every retail­er’s online sales jumped as shop­pers were stuck at home. As con­sumers picked up online pur­chas­es in the park­ing lot and got pack­ages or take­out dropped at …

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