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Ecommerce will continue to shape the retail market for years. Currently, 12.4 % of total retail sales come from ecommerce, but that number is expected to grow significantly in the next five years. By 2025, ecommerce will account for 25% of total retail sales. As it does, ecommerce will shape the retail market.

“Consumers want things faster with more flexibility and less hassle and there are no signs that the trend is likely to slow down but rather the opposite,” Scott Recknor, managing director and head of asset management at Black Creek Group, tells GlobeSt.com. “For instance, Cyber Monday sales this year were higher than ever before totaling $9 billion, up 19% from $7.9 billion last year. And, ecommerce is still in its infancy with the sector making up about 12% of total retail sales and is expected to grow to 25% by 2025.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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