May 28th, 2018
Sales are up and stores are closing.
With the recent surge in popularity for online shopping, many stores (referred to as brick and mortar locations) are facing closures. As a result many of these stores are investing in their online sales.
According to MossAdams’s Online Retail Market Monitor report – citing the U.S. Dept of Commerce, online retail sales reached $119 Billion in Q4 2017, which accounted for 9.2% of total retail sales in Q4 2017.
Additionally the Supreme Court has agreed to a case hearing regarding the implementation of sales tax for all online retailers with sales in states that have sales taxes.
The link below will take you to MossAdams PDF Online Retail Report.