Moody's Sees Slow Growth for Online Groceries

NEW YORK — Moody's Investors Service here said Friday online grocers in the U.S. pose little threat to brick-and-mortar stores, accounting for only 0.5% of the $973 billion spent on groceries last year and unlikely to gain much traction in the next few years.

Online sales are not likely to grow to more than 1% to 1.5% of total grocery sales over the next five years, Moody's said. 

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