Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Marketing and Sales Apps

Online commerce is growing, crosses $1 trillion in yearly sales (OLIVIER DOULIERY/AFP via Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Feb 1, 2023

A Milestone For Online Commerce  

E-commerce growth set a new record in 2022—passing $1 trillion in sales in a single year—thanks to an increase in mobile usage.

Key Details

  • Comscore, an analytics and measurement company, tells Forbes that online sales grossed $1.09 trillion in 2022, $332.2 billion of which was grossed during the holidays.  
  • The five highest-grossing categories were groceries, apparel, computers, consumer electronics, and furniture/appliances, with the fastest-growing categories being event tickets, digital content, apparel, video games, and home and garden, Forbes reports. 
  • The embrace of digital technologies and apps by the younger generation will likely result in exponential growth in digital commerce in the immediate future.

Why It’s Important 

Technology is becoming more deeply embedded in the younger generation and seems more daily utilized. Apps like Lyft, Uber Eats, Airbnb, Venmo, Facebook Marketplace, and Instacart have changed how young people shop, eat, drive, and spend money. And that usage is very interconnected. As Forbes notes, there is a correlation between Tiktok and Amazon users, with at least 86% of Tiktok users also being regular Amazon shoppers. 

The rise in spending is also attributed to post-COVID anxieties. Event tickets increased 75% from 2021 as millions of vaccinated audience members rushed out of the house for the first time in nearly two years. Digital ticket sales have skyrocketed, increasing from a minority of ticket sales to 90%. The pandemic played a significant role in the shift as well, forcing more sales online. Digital grocery shopping increased 333%, from $15 billion in 2018 to $64 billion in 2022. 

Even with inflation driving up prices, spending is still very high. The Federal Reserve’s tightening policies have yet to dent the total market share. While analysts are predicting a recession within the next six to 12 months, the strong market share that E-Commerce has taken will likely continue into the future, further showing that the young generation is embracing convenience over brick-and-mortar establishments. 

Notable Quote 

“The strong 18% digital commerce growth seen in Q4 was driven largely by mobile’s 26% jump. After multiple years of hovering in the low 30s, mobile’s share of total digital commerce dollars has nearly reached 40%,” says Comscore. 

Home / News / A Milestone For Online Commerce  
Share
FacebookTweetEmailLinkedIn

Related Stories

Seattle Takes The Crown For Advanced Tech Talent

by PJ Howland Leaders Staff
Tech

Oct 24, 2023

Seattle tech talent

Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.

Key Details

  • According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
  • The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
  • With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
  • The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
Markets

Oct 23, 2023

Chevron Gas Deal

Chevron is acquiring Hess Corp. for $53 billion, the second significant oil producer acquisition this month as crude prices climb.

Key Details

  • Chevron is purchasing Hess in an all-cash deal worth $53 billion, including debt and preferred stock redemption.
  • This comes just weeks after ExxonMobil announced its $59.5 billion purchase of Pioneer Natural Resources.
  • With oil over $80 per barrel, major producers are using their windfall profits to acquire smaller players and boost payouts to shareholders.
  • Chevron expects the deal to close in H1 2023 pending regulatory approvals and Hess shareholder vote.
  • Hess CEO John Hess will join Chevron's board once the acquisition is complete.

Go deeper

FacebookTweetEmailLinkedIn
nike logo
Company Culture

Oct 20, 2023

Nike to Require More In-Office Days From Employees

by Colin Baker Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff
netflix building
Entertainment

Oct 19, 2023

Netflix Hiking Prices While Adding Millions of Subscribers

by Colin Baker Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2025 Leaders.com - All rights reserved.

Search Leaders.com