Internet retail sales are expected to grow 22% in 2Q and 28% in 2017 and continue to pace S&P 500 discretionary industries, as they've done for 10 of the past 12 quarters. Analysts expect internet retailers' sales to expand at a double-digit rate for at least the next two years and more than triple the rate of the S&P 500 discretionary sector. Online retailers have averaged 20.6% sales growth over the past three years vs. 3.5% for the discretionary sector as a whole.
If recent trends continue, internet sales will make up 13.3% of the sector's total by 2020 vs. 8.4% in 2016. Amazon.com, Netflix and Priceline have posted 25% annualized sales growth over the last three years and 30% in the past 10.
Source: Bloomberg Pro Terminal
Trader I. Ivanov
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