The new economic stimulus bill is expected to drive online spending. A new post from S&P Global Market Intelligence anticipates the third round of stimulus checks, which will distribute to $1,400 to individuals making $75,000 annually or couples earning $150,000 annually, will benefit e-commerce giants like Amazon, Walmart and Target.

Earlier stimulus checks have contributed to increased online spending, particularly for discretionary goods like wearables, gaming and appliances. The $1,400 stimulus check is larger than the previous two rounds of $600 and $1,200, providing a good case for further increases in online spending.

Overall, the e-commerce industry benefitted tremendously during the pandemic. Last year, online shopping sales hit $791.7 billion or 14% of total retail sales. It was a significant increase from 11% of total sales in 2019 and 9.7% in 2018. "We think that Covid-19 winners have more room to run," Camilla Yanushevsky, senior equity research analyst with CFRA Research, said in the post.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.