June 3, 2004, 12:00 AM

Continuing on the upward trail

Online retail sales continued their robust year-over-year growth in the first quarter, increasing 28.1% to $15.5 billion from Q1 2003 sales of $12.1 billion, the Census Bureau of the U.S. Commerce Department reports.

Online retail sales continued their robust year-over-year growth in the first quarter, increasing 28.1% to $15.5 billion from Q1 2003 sales of $12.1 billion, the Census Bureau of the U.S. Commerce Department reports. As has been the case since the Commerce Department started tracking e-commerce sales in Q4 1999, first quarter online sales were exceeded only by the preceding fourth quarter sales.

By comparison, total retail sales in Q1 experienced robust growth as well, up 8.8% from a year ago to $834.8 billion.

By the Commerce Department’s reckoning, e-commerce sales account for 1.9% of all retail sales, the same proportion as in Q4 and nearly a fifth higher than the proportion a year ago. The Commerce Department, however, compares online sales to all retail sales and those sales include categories that are never likely to be sold online, such as restaurant and bar sales, gasoline station sales and fuel deliveries.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Xavier Pavie / E-Commerce

Seven reasons for Alibaba’s success

One big one: attracting sellers by eliminating listing fees.

FPO

Pini Yakuel / E-Commerce

5 retention strategies for online retailers

Marketers must focus on getting customers to stay, and not burn them out with untargeted ...

Advertisement