Criminals also obtained the associated expiration dates, giving thieves the information they would need to make an online purchase on some e-commerce sites. E-retailers ...
E-commerce sales rise 19% last year in U.S.
Online sales continued to far outpace overall retail sales in the U.S. last year, the U.S. Department of Commerce reports. Retail e-commerce sales grew 19% in 2007 to $136.4 billion, up from $114.62 billion in 2006, as overall retail sales increased 4%.
Online retail sales continued to far outpace overall retail sales in the U.S. last year, the U.S. Department of Commerce reports. Retail e-commerce sales grew 19% to $136.4 billion, up from $114.62 billion in 2006, as overall retail sales increased 4%, it says.
Retail e-commerce also accounted for a rising percentage of total U.S. retail sales last year-3.4%, up from 2.9% in 2006, the Commerce Department reports.
The Commerce Department retail sales figure, however, includes many sales that are not likely to occur online-such as restaurant, convenience store, gasoline and heating fuel receipts. Excluding such sales, Internet Retailer estimates about 6% of U.S. retail sales occur online.
The Commerce Department figures are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.
In the fourth quarter, U.S. e-commerce sales totaled $36.2 billion, 18% more than the same quarter in 2006, while total retail sales increased 4.7%, the Commerce Department says.
ComScore Inc. reported lower figures, pegging growth last year at 20.2% to $122.7 billion from $102.1 billion in 2006. For the 2007 November-December holiday shopping season, retail e-commerce spending reached $29.2 billion, up 18.7% from $24.6 billion in 2006 and up 137.4% from $12.3 billion in 2003, comScore says.