November 21, 2017
U.S. e-commerce sales in Q3 2017 were 15.5 percent higher than during the same period a year earlier, according to U.S. Department of Commerce estimates. For online fraud and payments professionals the seemingly inexorable climb in e-commerce sales is an important metric for allocating resources. As e-commerce sales grow, so does transaction volume stressing payment systems and it is also a factor in the amount of online fraud businesses face.
Commerce Department measures said U.S. e-commerce businesses generated more than $115 billion during Q3, which accounted for 9.1 percent of total retail sales. On a quarter-over-quarter basis, e-commerce sales in the July-through-September timeframe were 3.6 percent higher than they were in the preceding three months.
One company riding the increase and a revamped e-commerce strategy to notable success in the third quarter was bricks-and-mortar giant Walmart. The Bentonville, Ark.-based company has focused on its online business since it acquired Jet.com in 2016 and Bonobos a year later. In its Q3 FY 2018 earnings call, Walmart noted its e-commerce sales grew 50 percent compared with Q3 FY 2017. The company is leveraging its strong physical presence to offer online grocery services and other omnichannel options.