Online retailers hope to cash in on year-end sales

Packages at an Amazon fulfilment centre in California. Analysts predict Amazon’s revenue will rise 11 per cent in 2022. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

E-commerce stocks have struggled in 2022, and plenty of investors are doubtful the holiday shopping season will provide a catalyst to turn things around.

Online retailers such as Wayfair and Etsy are already under pressure from the loss of pandemic-era tailwinds and economic weakness weighing on consumer sentiment.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.