Today we are going to present you with the list of the top online shopping websites in the world in 2020, published by Insider Monkey. We have written about the economical crises caused by the COVID-19 pandemic. The global economic outlook is extremely uncertain now. However the global economy slowed down, but it still remained positive. Consumer spending decreased, yet inflation rates in countries stayed at a relatively lower level.
At first let’s check out a short review of the largest markets in the world. The US market slowed down in 2019, although the real GDP was up by 2.9% in 2018, in 2019 it went up by only 2.3%. The Eurozone could barely avoid recession in the last half of the year in 2020. Italy saw a decline, Germany suffered from weak investment and lower exports. In the same period, France had some growth, because of the higher exports of consumer goods and stronger domestic demands. Economy in UK is weak due to Brexit and the uncertain global economy. China is the only large economy across the globe that had positive growth in this pandemic-stricken year. Japan’s population has been continuously ageing since 1990s, however GDP per capita increased last year.
And now let’s see what you are here for – the top online shopping websites from Insider Monkey’s list. We have picked up three companies, as usual. Otto GmbH & Co KG is a Germany located firm, that operates in 30 countries. In 2018, the total revenue was $11,030 million, while the group revenue reached $15,866, and the net income as of 2020 was $206 million. Otto is followed by Best Buy Co. Inc on the fourth spot. Best Buy is an American headquartered company, that operates in 3 countries. In 2018, the total revenue was $42,879 million, while the group revenue reached $42,879 and the net income as of 2020 was 1,464 million. JD.com stands on the third spot, a China-based company. It operates in China only. In 2018, the total revenue was $62,875 million, while the group revenue reached $69,812 and the net income as of 2020 was $423 million. If you are interested in more thought-provoking information please click the top online shopping websites in the world 2020 .