Online Shopping

These 3 E-Commerce Stocks Had Record Years in 2020 — and They’re Just Getting Started

If you want to spice up your portfolio, adding a few top e-commerce stocks to it should do the trick. The tectonic shift in consumer behavior toward online shopping was already well underway before the pandemic, but the impact of 2020 will likely lead to permanent changes in shopping patterns that will benefit leading online retailers and digital payment providers.

E-commerce sales in the U.S. grew by 32% in 2020. Three stocks ideally positioned to benefit from the continuation of this trend are Amazon (NASDAQ:AMZN), Etsy (NASDAQ:ETSY), and PayPal Holdings (NASDAQ:PYPL). Here’s why these stocks can juice your returns over the long term.

A woman using a laptop at home.

Image source: Getty Images.

1. Amazon

It might seem odd that a company that generates $386 billion in annual sales could be described as just getting started, but the accuracy of that description is a testament to the

Read More

Fry’s Electronics Goes Out of Business

(Photo by Andrej Sokolow/picture alliance via Getty Images)

Another one bites the dust: Online shopping and a global pandemic have forced big-box store Fry’s Electronics to close all locations, effective immediately.

Known for its elaborate decorations (including huge statues of pop culture characters and retro car bodies as dining tables), the family-owned operation began as a 20,000 square-foot electronics store in Sunnyvale, Calif. At its peak, the chain operated 34 stores in nine states.

“After nearly 36 years in business as the one-stop-shop and online resource for high-tech professionals … Fry’s Electronics, Inc. has made the difficult decision to shut down its operations and close its business permanently as a result of changes in the retail industry and the challenges posed by the COVID-19 pandemic,” according to a message on the company website.

Fry's Electronics interior

(Photo by Smith Collection/Gado/Getty Images)

Fry’s ceased regular operations today, beginning what it called “an orderly wind-down

Read More

Pandemic propels older shoppers online

NEW YORK (AP) — In November, Paula Mont did something new: The 86-year-old, who hasn’t left her New Jersey senior living community in nearly a year, went shopping — online.

Mont used an iPad, equipped with a stylus to help her shaky hands, to buy a toy grand piano for her great-granddaughter. She picked it out from more than a dozen versions of the instrument on Amazon.

“It is like a wow feeling. I found it!” Mont said.

The internet has become a crucial link to the outside world during the pandemic, one that millions of people still don’t have access to. Among older adults, the lack of internet has even impeded their ability to get vaccinated.


But the pandemic has also motivated many who have been isolated at home or unable to leave their senior communities to learn something they may have resisted until now: how to buy groceries

Read More

Changing my phone to black and white for a week

As of late, I have been glued to my phone. From social media to online shopping, I have created an unhealthy, co-dependent relationship with my hand-held friend. During a quarantine-safe hangout, I noticed that my friend’s phone was completely in black and white. Upon questioning her, she told me it helps reduce her screen time. That was exactly what I needed. I’ve done digital detoxes before but had never heard of this method. So I, too, set my phone to the gray scale mode and tried it for a week.

Going into it, my screen time was an embarrassingly high six hours per day (mostly due to TikTok). I wanted to cut that down to by at least half. Immediately, the usual vibrant assortment of apps and red notifications were replaced by dull shades of gray. Texting and calling still felt somewhat normal, but when I scrolled through apps that

Read More