Ready, Fire, Aim! - Mihail's Public Blog: Online sales increase

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Monday, November 24, 2003

Online sales increase

Although online retail sales account for only 1.5% of total retail sales, they increased faster than offline sales this past quarter according to this Dow Jones story in the Wall Street Journal (subscription required):

U.S. consumers continued to shop online in the third quarter, racking up sales of $13.3 billion, a 6.6% increase from the prior quarter, the Commerce Department said Friday.

E-commerce sales rose at a faster pace during the quarter than overall retail sales, which rose 1.6%.

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