Online shopping is a phenomenon that has changed the way people shop for products. It has made it easier and more convenient for people to buy items online, which has disrupted the retail industry. The most popular sectors disrupted by online shopping are fashion and electronics, two of the most heavily traded sectors in any economy.
The introduction includes a brief overview of online shopping, how it’s changing the retail industry, and how some popular sectors have been affected by this change in consumer behavior.
It is estimated that about 10% of all retail spending takes place online, which is expected to grow. Although this may sound like a small percentage, it represents more than $1 trillion in annual sales across all industries, including food and beverage, clothing, health and beauty products, and technology.
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