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eCommerce Growth in the U.S. is Slowing Down

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.