Today in data, the latest U.S. Department of Commerce report shows that eCommerce dipped 6.4% in March, but Amazon’s reported plans to add more benefits to Prime memberships means there’s no end in sight to digital shopping. Also, FirstCry is expected to take its baby-focused eCommerce company public.
Data
0.5%: Overall growth in U.S. retail sales in March
6.4%: Decline in eCommerce sales in March, the biggest drop among the 16 sectors tracked
3.6%; 9.4%: Share of global and U.S. retail spending, respectively, garnered by Amazon
24: Months it took Amazon to double its fulfillment network as eCommerce demand soared
$6B: Valuation sought by India-based baby products-focused eCommerce company FirstCry
$111B; $200B: Projection of India’s eCommerce market in 2024 and 2026, respectively
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