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Online Sales Continue to Rise Despite Slowdown
Online Sales Continue to Rise Despite SlowdownThe Census Bureau of the Department of Commerce announced today that the estimate of U.S. retail e-commerce sales for the second quarter of 2001, not adjusted for seasonal, holiday, and trading-day differences, was $7.458 billion, an increase of 24.7 percent (3.4) from second quarter 2000. Total retail sales for second quarter 2001 were estimated at $807.5 billion, an increase of 3.8 percent (0.5) from the same period a year ago.

The second quarter 2001 e-commerce estimate decreased 1.8 percent (2.4) from the first quarter of 2001 while total retail sales were up 10.8 percent (0.3) from the prior quarter. E-commerce sales in the second quarter of 2001 accounted for 0.9 percent of total sales. In the first quarter 2000 e-commerce sales were 1.0 percent of total sales. E-commerce sales were 0.8 percent of total sales in second quarter 2000.

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