Brick-and-mortar stores are looking to edge in on Amazon’s online sales—can investors get in on the action too?
It’s official: The 2016 holiday shopping season is smashing online shopping records.
Black Friday sales rose 18% year over year, with one-quarter of all spending attributable to e-commerce.
Cyber Monday sales topped Black Friday’s, with that day’s $3.45 billion in sales increasing 12% from last year.
Since November 1, online sales have reached a whopping $50 billion—and there are still plenty of shopping days left before Christmas.
Not surprisingly, Amazon (NASDAQ:AMZN) accounted for over 30% of online commerce from Thanksgiving through Cyber Monday. But many brick-and-mortar stores made some serious coin, as well—and plan to expand their presence online far beyond the holiday season.
These 5 brick-and-mortar stocks are looking to make big strides into e-commerce for holiday shopping and beyond.