eCommerce Growth in the U.S. is Slowing Down

Growth in US eCommerce sales dipped to single digits in 2022, marking the slowest growth rate since 2009 (2.8%). Possible culprits include market saturation, inflation, and a return to normal life post-COVID.

Despite the slowing growth rate, US ecommerce sales in 2022 surpassed $1 trillion for the first time ever.

Interesting fact: During the COVID-19 pandemic, Amazon grew its U.S. warehouse space by 200 million square feet.