Daily Crunch: E-commerce sales surge

eMarketer tries to quantify the rise of e-commerce, Reddit’s co-founder steps down from the board and SpaceX focuses on its next-generation spacecraft.

Here’s your Daily Crunch for June 8, 2020.

1. US e-commerce sales to jump 18% in 2020, but not enough to offset retail’s decline

U.S. e-commerce sales will jump 18% this year due to the impact of the coronavirus pandemic, according to a new forecast released today by eMarketer. However, the surge in new online orders won’t make up for the overall hit that the U.S. retail sector will take this year, the firm noted.

Total U.S. retail