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Photograph by Johannes Eisele / AFP / Getty Images
There are still buying opportunities to move from the physical store to e-commerce, according to Goldman Sachs.
"We believe that secular offline moves to online across all markets and higher growth levels in less advanced categories should continue to generate strong growth in e-commerce by next year." , analysis analyst Goldman. Heath Terry wrote Tuesday.
The analyst raised his forecast for the annual growth rate of global e-commerce sales by more than 10 basis points, to 18% per year between 2018 and 2021. He pointed out that e-commerce in China, Latin America and in India continues to grow rapidly. the physical closures of stores seem to accelerate.
Terry said that US companies have announced the closure of 11,000 stores already this year. He noted 12,000 CoreSight research projects by the end of the year. Goldman estimates that there will be sales opportunities of $ 7.5 billion due to store closures.
"Pure e-commerce businesses such as Amazon continue to benefit from improved access to consumer data and purchasing history that not only delivers a compelling customer experience, but also efficiency and benefits." competitive, "he wrote.
Goldman said
Amazon
(AMZN)
Ali Baba
(Baba), and
JD.com
(JD) are among the "best investment opportunities" that are currently benefiting from the global growth of e-commerce. The company has buy ratings on all three companies and price targets of $ 2,400, $ 236 and $ 46, respectively, for Internet shares.
Write to Tae Kim at [email protected]
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