A maturing market has resulted in online sales growth slipping to 12% in Q2 from between 14% and 17% over the middle of 2018, according to a report by FTI Consulting. There are still online markets that have the potential for growth, Richard Kestenbaum of Triangle Capital said. Online grocery shopping, footwear, eyewear and beauty products could all benefit from technological changes that facilitate online purchasing, Kestenbaum said. Amazon could turn to sectors such as banking and health care for additional growth, he suggested.
A maturing market has resulted in online sales growth slipping to 12% in Q2 from between 14% and 17% over the past five years, according to a report by FTI Consulting. There are still online markets that have the potential for growth, Richard Kestenbaum of Triangle Capital said. Online grocery shopping, footwear, eyewear and beauty products could all benefit from technological changes that facilitate online purchasing, Kestenbaum said. Amazon could turn to sectors such as banking and health care for additional growth, he suggested.