E-commerce is surging as wary consumers avoid crowded public places. While the likes of Amazon and Europe’s top fashion website Zalando are the obvious winners, investors seem just as excited about their warehouse suppliers. In the U.K., e-commerce accounted for 31% of retail sales in April, up from 19% for the same month last year. Only part of the shift is likely to be temporary. By 2025, UBS expects one-quarter of all U.S. retail spending to be online—a trend that is...

Source: Wall Street Journal June 29, 2020 12:22 UTC