Report: U.S. Retail E-Commerce Sales Continue Double-Digit Growth
Feb. 22, 2016
U.S. retail e-commerce sales in Q4 2015 grew 14.7 percent compared to the same period a year ago, according to a report released by the U.S. Census Bureau late last week. The agency estimated U.S. consumers spent more than $89 billion on an adjusted basis during the October-through-December time period, an increase of 2.1 percent from the previous quarter. For comparison, overall retail sales for Q4 2015 grew only 1.3 percent year-over-year.
For the entire year, the Census Bureau estimated retail e-commerce sales at nearly $342 billion, 14.6 percent higher than 2014. E-commerce’s share of total retail sales also continues to grow in the U.S., but remains in the single digits. The world’s second-largest e-commerce market accounts for just 7.3 percent of total retail sales, the Census Bureau estimated, up from 6.4 percent last year.