Chart of the week: the online shopping revolution

Online shopping has come of age. Data from Wells Fargo shows internet retailer Amazon has left US supermarket giant Walmart behind in the sales stakes.

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It seems 2008 and 2009, when overall American retail sales fell, "was the moment when we stopped going to the shops and moved online", says Fidelity's Tom Stevenson. The key driver of online retail sales growth has been the advent of the smartphone, he adds.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.