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.