According to the Brick Meets Click/Mercatus Grocery Shopping Survey, the U.S. online grocery market grew 1.3% in October, accounting for a total of $8.1 billion in sales from $8 billion in September.Pickup/ shipment and ship-to-home dollar sales in October accounted for $6.4 billion and $1.7 billion, respectively. In October, nearly 50% of the total U.S. households, which is 63.8 million, went shopping groceries online. According to Acostas “Growth of Online Grocery Shopping Shows No Signs of Slowing Down” report, 31% of the participants plan to increase shopping for their groceries and food online.Moreover, 64% of the individuals who shop online will continue to do so in the coming days. Among those going shopping groceries online, 51% stated they began doing so throughout the pandemic and will now continue to stick to online shopping.Among those who began shopping online throughout the pandemic, 20% now constantly buy groceries online or most of the time, while 14% store for food items online regularly.Also, experts believe that e-commerce is here to stay as grocery gamers are quick moving focus to the online company. You can see the total list of todays Zacks # 1 Rank stocks here.Caseys General Stores uses a range of food selection (consisting of freshly ready foods such as pizza, sandwiches and donuts), drinks, tobacco and nicotine products, health and charm aids, school supplies, houseware, and animal supplies.CASY operates 2 stores under the name “Tobacco City,” offering primarily tobacco and nicotine products, one liquor shop, and one grocery store.Caseys expected revenues development rate for the present year is 3.6%.
According to the Brick Meets Click/Mercatus Grocery Shopping Survey, the U.S. online grocery market grew 1.3% in October, accounting for an overall of $8.1 billion in sales from $8 billion in September.Pickup/ shipment and ship-to-home dollar sales in October accounted for $6.4 billion and $1.7 billion, respectively. According to Acostas “Growth of Online Grocery Shopping Shows No Signs of Slowing Down” report, 31% of the participants prepare to increase shopping for their groceries and food online.Moreover, 64% of the people who shop online will continue to do so in the coming days. Amongst those shopping groceries online, 51% said they started doing so during the pandemic and will now continue to stick to online shopping.Among those who began going shopping online during the pandemic, 20% now always purchase groceries online or most of the time, while 14% store for food items online regularly.Also, professionals think that e-commerce is here to stay as grocery players are fast shifting focus to the online business.
