More purchases happening online than offline for the first time . . .$AMZN $UPS
Online shopping has officially moved into the majority . . . the photo above certainly reflects the players that are in riding the thematic tailwinds of the Connected Society, or more likely they are the ones creating the tailwinds . . .
For the first time, consumers say they bought more of their purchases on the web than in stores, according to an annual survey of more than 5,000 online shoppers by United Parcel Service Inc.
“There’s going to be severe continued pressure on department stores because traffic is going to peel away from that channel towards Amazon,” said Randal Konik, retail analyst at the investment bank Jefferies & Co.