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Ecommerce accounts for 6.6% of US retail sales in Q3 2014
22
Nov '14
Ecommerce sales in the third quarter of 2014 accounted for 6.6 per cent of total retail sales, on adjusted for seasonal variation but not for price changes basis, the Census Bureau of the US Department of Commerce has announced.
 
During the quarter, US retail ecommerce sales stood at $78 billion, registering an increase of 4 per cent over second quarter of 2014. Overall retail sales for the third quarter of 2014 were estimated at $1,185.1 billion, showing an increase of 0.9 per cent from the second quarter of 2014.
 
The third quarter 2014 e-commerce estimate increased 16.2 per cent from the third quarter of 2013, while total retail sales increased 4.2 per cent in the same period, the Census Bureau said.
 
On a not adjusted basis, the estimate of US retail e-commerce sales for the third quarter of 2014 totalled $71.9 billion, an increase of 2.5 per cent from the second quarter of 2014. The third quarter 2014 e-commerce estimate increased 16.2 per cent year-on-year, while total retail sales increased 4.3 per cent in the same period. E-commerce sales in the third quarter of 2014 accounted for 6.1 percent of total sales, without adjusting for seasonal variation.
 
The Census Bureau defines ecommerce sales as sales of goods and services where the buyer places an order, or the price and terms of the sale are negotiated over an Internet, mobile device (M-commerce), extranet, Electronic Data Interchange (EDI) network, electronic mail, or other comparable online system. However, payment may or may not be made online. (RKS)
 

Fibre2fashion News Desk - India


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