Virtucom Group Blog Why Normalized Data Matters for Product Data Management

2022 marked the first time ecommerce sales in the United States surpassed $1 trillion, indicating that online shopping has made a significant imprint on the retail industry. Yet, statistics denote a dramatic drop in retail sales since the boom during the height of the COVID-19 pandemic in 2020. Ecommerce contributed 23.8% to total retail growth in 2022; compare this with the 25.2% share of total retail growth in 2021.