Q1 E-Commerce Sales Jump 14.3%
May 20, 2010
Retail e-commerce sales in the U.S. for Q1 2010 jumped 1.5 percent from the fourth quarter of 2009 and are more than 14 percent higher than during the same period a year ago, according to the Census Bureau of the Department of Commerce. It was the first time since the first quarter of 2008 that e-commerce sales grew by more than 10 percent year-over-year for two quarters in a row. As retail sales online resumed significant growth, the Commerce Department figures also show that an increasing percentage of total sales continues to migrate to the Web. While e-commerce grew 14.3 percent compared to the first quarter of 2009, after adjusting for seasonal variations, total retail sales grew only 6.3 percent. Sales at stores, excluding grocery stores—online merchants’ main competition—grew by 3.42 percent, only a quarter the rate of Web retailer growth.