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E-Commerce Sales Jump 26.7%, Reach Record Share of Overall
Retail

 

E-Commerce Sales Jump 26.7%, Reach Record Share of Overall Retail
(November 22, 2005) U.S. e-commerce sales totaled $22.3 billion in the third quarter, up 26.7% from the year-ago period, according to statistics released today by the U.S. Department of Commerce. Transactions on the Internet now account for 2.3% of all U.S. retail sales, according to the latest figures, the highest share yet for sales online. E-commerce volume came to 2% of retail sales in 2004's third quarter.

With more and more merchants offering wares online—and promoting them with Internet-only deals--sales in the online channel are also growing faster than at this time last year. The third quarter's 26.7% increase bettered the rate of growth of the third quarter last year, which came in at 22.2%, and was the fastest growth rate recorded so far this year.

The Commerce Department includes sales on the Internet as well as over an extranet, e-mail, or electronic data interchange system in its calculation of e-commerce sales. Under its method, payment may or may not be made online. Its calculation does not include online travel services, ticket sales, or brokerage.

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American Credit Card Processing Corporation (ACCPC) 474 New York Avenue Huntington, NY 11743 Sales 877-202-0667 Fax 877-223-0628 Tech Support 1 800 310 3812 Registered MSP of Merrick Bank sales@accpconline.com

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