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Market Monitor: Online Retail

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Market Monitor: Online Retail

Making the right decisions for your business starts with having the most accurate and current information available. Our Online Retail Market Monitor keeps you up to date on the events, trends, and market forces that shape and guide the industry.

  • Total retail sales in the United States surged to $1,799 billion in Q1 2023, with a 0.9% growth compared to the preceding quarter, and a 3.4% increase over Q1 2022.
  • Online retail sales in the United States showed extraordinary strength, reaching $273 billion in Q1 2023, a substantial 7.8% rise from Q1 2022, and a compound annual growth rate (“CAGR”) of 19.5% since Q1 2019. 
  • AI presents an opportunity to further penetrate online retail in the next 12 months, improving its ability to deliver appropriate recommendations, and tailored experiences for customers. 
  • Despite falling out of favor in Mergers & Acquisitions (“M&A”) circles at the moment, the overall industry growth quarter over quarter remains strong, demonstrating resilience in the face of inflationary pressures and recessionary forces, which could attract investors to new M&A opportunities later in the year.

For more information or questions, please contact our contributors:

Rich Anderson, Managing Director: [email protected]

Brandon Clewett, Managing Director: [email protected]

Johnny Sherwood, Director: [email protected]