E-Commerce Sees Best Growth since Recession 

Feb. 11, 2013

E-commerce sales finally have rebounded to pre-recession growth rates, according to a report from Reston, Va.-based digital measurement firm comScore. Retail e-commerce sales grew 15 percent to $186.2 billion in 2012 paced by a Q4 total of $56.8 billion. It marked the first time in history that e-commerce sales exceeded $50 billion in a quarter. The fourth quarter of 2012 was the ninth consecutive showing double digit growth in U.S. e-commerce sales.

“2012 was a year in which—for the most part—e-commerce continued to grow strongly, despite an uneven macroeconomic environment showing signs of recovery but also cause for continued concern,” said Gian Fulgoni, chairman of comScore. “With e-commerce growth rates consistently in the mid-teens throughout the year, it is clear that the online channel has won over the American consumer and will increasingly be relied upon to deliver on the dimensions of lower price, convenience and selection.”

Also, according to comScore, as a percentage of total retail sales, e-commerce reached double digits (10 percent) in 2012 for the first time.


  • EC Seeking Feedback on Cross-Border VAT Rules - Oct. 1, 2015
    EC Seeking Feedback on Cross-Border VAT Rules

    The European Commission (EC) is inviting businesses, industry groups and members of the public from around the world who engage in European cross-border e-commerce to help identify ways to simplify the Value-Added Tax (VAT) on those kinds of transactions.

  • Apple App Store Experiences First Large-Scale Hack - Sept. 21, 2015
    Apple App Store Experiences First 

Large-Scale Hack

    On Sunday, Apple acknowledged reports that had been leaking out during the second half of last week that said the App Store had been hacked on a large scale for the first time, with perhaps hundreds of apps infected with malicious code having been approved by Apple's stringent app review process.

  • Report: Worldpay Goes IPO - Sept. 21, 2015
    Report: Worldpay Goes IPO

    U.K.-based e-commerce acquirer and processor Worldpay, which has been courted by several high-profile companies as a possible acquisition target worth up to $9 billion, seems to have resolved to go the IPO route, according to a regulatory filing made public on Friday.

  • PayPal Bets on Gambling - Sept. 17, 2015
    PayPal Bets on Gambling

    According to an iGaming Business report, PayPal has reevaluated its position on processing payments for online gambling sites and has integrated with several gambling Websites.




Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:





CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here