FTI Consulting’s Retail & Consumer Products practice forecasts that online retail sales will reach $1.07 trillion in 2022, up 11.7% from last year. The group had previously expected online retail sales to exceed $1 trillion in 2025. E-commerce accelerated during the pandemic, and FTI says online spending habits will continue. Still, the inflationary environment and other factors will slow growth going forward. “Online sales in the past two years were driven by necessity — shopping from home due to stay-at-home living and work conditions — as well as more discretionary income due to government stimulus, a speedy jobs…
