FINSUM + Magnifi: Ecommerce Will Benefit from This Change to Consumer Spending

Magnifi in Action: Discover funds that "Outperform SPY"

Click on any fund in the chart below to dig deeper.

 

 

 

April 8, 2021

Consumers spent more at online stores last year than the previous year by a staggering $900 billion according to a Mastercard Economics Institute study. This isn’t very surprising as more shopping was relegated to online retailers due to the pandemic. But what is shocking is that a large share of it is here to stay. The study shows that habits have formed in consumer shopping, and that online deal hunting will remain electronic. Grocers will retain about 70-80% of their online commerce. Even industries more likely to return to pre-pandemic levels, clothing and electronics are expected to keep about 20% of their digital sales.

(Silicon Valley)


FINSUM + Magnifi: Electronic shopping presents ease and convenience, and many are realizing the hassle saved by grocery store runs. Companies with easily accessible online platforms will benefit most from these preference shifts.


Other news today: Video Game Stock gets Buy Recommendations Across Wall Street and Pay Attention to This Big Bear Market Warning Sign


New call-to-action

Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of April 2021, 300,000+ users with $500+ Billion in Assets Under Influence, have used Magnifi over 1,500,000 times. Try it for yourself today.

 

This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]