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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.

  • US online sales continued to display strong growth, reaching approximately 15% of total retail sales. This marked a significant 7.5% increase from Q2 2022.
  • On a broader market basis, in the second quarter of 2023, total retail sales in the United States reached $1,799 billion, indicating a modest increase compared to 2Q 2022. 
  • M&A activity in the on-line sector has been muted throughout 2023.  Inflation, rising interest rates, scarce loan availability and concerns about a potential recession, all contributed to lower deal counts.
  • However, strong brands are still performing well and gaining market share from small and/or financially-strapped competitors.  Our Consumer bankers feel the brands that perform in the present market environment are clearly differentiated from the pack.  As such, they can attract multiple investors / suitors and command extraordinary valuations.

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]