iBankCoin
Joined Nov 11, 2007
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Q4 Sees a 16% Pop in E-Commerce Retail Sales

“In its quarterly report on estimated e-commerce retail sales released today, the U.S. Census Bureau said that adjusted online sales jumped 15.6% year-over-year in the fourth quarter of 2012. On an unadjusted basis, sales rose 15.8%.

Adjusted e-commerce sales of $59.5 billion comprised 5.4% of total retail sales of $1.1 trillion. That is the highest percentage since the Census Bureau started keeping track of online sales in the fourth quarter of 1999, when e-commerce retail sales were just 0.6% of total retail sales. The fourth-quarter total is also the highest since 1999.

For the full year, e-commerce sales totaled $225.5 billion, up 15.8% from 2011. Total retail sales rose 5% year-over-year….”

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