Online shopping is officially king, signaling a tipping point in the retail apocalypse

businessinsider | April 03, 2019

This won't come as much of a surprise to anyone who's come to rely on Amazon Prime, but online shopping is here to stay.The Bespoke Investment Group pointed out that in February, non-store retail - dubbed "clicks" - made up 11.813% of total US sales. Meanwhile, general merchandise - or "bricks" - accounted for 11.807% of total sales. This was the first time on record that online sales beat out brick-and-mortar sales, according to the firm.It's not a major difference, as the Bespoke Investment Group pointed out in its April 2 analysis: "Sure, we had to go out to three decimal places, so the margin of different is extremely small."

Spotlight

The emerging contours of the new world of work in the Fourth Industrial Revolution are rapidly becoming a lived reality for millions of workers and companies around the world. The inherent opportunities for economic prosperity, societal progress and individual flourishing in this new world of work are enormous, yet depend crucially on the ability of all concerned stakeholders to instigate reform in education and training systems, labour market policies, business approaches to developing skills, employment arrangements and existing social contracts. Catalysing positive outcomes and a future of good work for all will require bold leadership and an entrepreneurial spirit from businesses and governments, as well as an agile mindset of lifelong learning from employees.

Spotlight

The emerging contours of the new world of work in the Fourth Industrial Revolution are rapidly becoming a lived reality for millions of workers and companies around the world. The inherent opportunities for economic prosperity, societal progress and individual flourishing in this new world of work are enormous, yet depend crucially on the ability of all concerned stakeholders to instigate reform in education and training systems, labour market policies, business approaches to developing skills, employment arrangements and existing social contracts. Catalysing positive outcomes and a future of good work for all will require bold leadership and an entrepreneurial spirit from businesses and governments, as well as an agile mindset of lifelong learning from employees.

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