Retail News

Smaller online retailers thrive during the coronavirus pandemic

When COVID-19 caused states to shut down most physical stores, sales surged for many of the Next 1000 merchants that sell primarily online. The shutdowns also boosted online sales for store-based retailers, but typically not enough to make up for lost revenue from brick-and-mortar locations. 

When the coronavirus moved a large portion of consumer spending to the web, many—but not all—small e-retailers benefitted.

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