Industry Update: E-commerce

Industry Highlights

  • The e-commerce industry, which comprises companies that sell merchandise
    online, continues to grow rapidly as more time-strapped and cost-conscious
    consumers are attracted to the convenience of finding, comparing, and
    purchasing products and services online. Over the next 5 years, e-commerce
    revenue will approach nearly $1 trillion, especially with the rise of mobile
    connection and growth in disposable income.
  • On February 17, 2021, Rent-A-Center, Inc. completed of its previously announced acquisition of Acima Holdings, a point-of-service leasing company. The transaction provides retailers and consumers an expanding set of innovative fintech solutions for frictionless lease-to-own transactions. The combined company will allow consumers to enjoy the benefits across e-commerce, digital, and mobile channels.

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