- Ecommerce a 54% increase in February compared last year, Mastercard said.
- Online apparel and jewelry sales rose 75% and 63% last month from 2020, CNBC reported.
- The “e-commerce muscle” built in the pandemic is “here to stay,” Mastercard executive says.
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Online sales jumped 54% in February from a year ago — a month before the COVID-19 pandemic struck the US.
The pandemic forced e-commerce adoption to accelerate by about two years, Mastercard Executive Vice President Linda Kirkpatrick told CNBC on Tuesday.
Consumers have “really built a digital commerce muscle that we believe is here to stay,” she said.
Online apparel sales now account for about three-fourths of all clothing purchases in the US, Kirkpatrick said, noting that’s a 47% jump from a year ago. Online jewelry sales have also seen a bump, rising 63% year-over-year, CNBC reported.