August 18, 2016
U.S. retail e-commerce enjoyed its largest year-over-year growth rate in nearly two years, according to estimates from the U.S. Department of Commerce released Tuesday. Second-quarter e-commerce sales this year soared nearly 16 percent from Q2 2015 to $93.9 billion. Compared to Q1 of this year, e-commerce rose 4.5 percent. On an adjusted basis, e-commerce accounted for 8.1 percent of total retail sales in the U.S. from April through June.
The strong quarter was reflected in the results of many large retailers including Nordstrom, which saw sales at Nordstrom.com up nearly 10 percent while overall sales for the company fell by 1 percent. Mega-retailer Walmart also made several moves during the first half of this year to bolster its e-commerce operation, including acquiring Amazon competitor Jet.com recently for $3 billion.