3 E-Commerce Stocks You Can Buy and Hold for the Next Decade
Online shopping may have tapered off in 2021 from the historic surge it witnessed during the lockdown phase of the pandemic. But the Commerce Department says e-commerce still rose over 14% last year, with shoppers spending $870.8 billion online.
That was in line with total retail sales, which also rose 14% to $4.5 trillion, and e-commerce accounted for nearly one in five dollars spent by consumers. It also means that shoppers didn't completely abandon the habits they developed during the early phases of the pandemic.
Even though e-commerce soared by more than 31% in 2020, consumers are still turning to online markets for their shopping needs today and will continue to spend increasing amounts of money online in the future. That makes investing in e-commerce stocks a sure-fire winner, and the following three companies are among the best options out there.
Source Fool.com
