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Ecommerce Ad Spend Doubles From $4.8 Million To $9.6 Million

March 23, 2020 / NINA AGHADJANIAN
SHARESHARESHARE

Ecommerce ad spend jumped from $4.8 million to $9.6 million during the course of just one month, from February 17 to March 9, according to MediaRadar. The online shopping boom comes as restaurants remain closed and new teleworking policies are implemented amid the coronavirus pandemic. To contain the virus, California, Illinois and New York have ordered residents to stay in their homes, restricting any travel other than for vital reasons such as grocery shopping, visits to the pharmacy and medical checkups. With over 70 million Americans practicing social distancing, online shopping activity is growing exponentially. According to a survey from Coresight Research, nearly half (47.2 percent) of US internet users in February said they’re avoiding shopping centers and malls. At the same time, about 75 percent of respondents said they would steer clear from shopping centers altogether if the outbreak worsens. Older consumers are being extra cautious as nine in 10 of respondents over 45 said were likely to avoid physical stores in general if the coronavirus spreads.