Thursday, November 16, 2017

Nonstore sales growth slows significantly in October

Image result for internet salesNew October retail sales data out this morning suggests that the fourth quarter could be off to a rocky start for e-commerce.

Growth in U.S. retail sales that take place outside of stores, known as nonstore sales, decelerated in October, with sales dropping 0.3% compared with September 2017, according to the U.S. Commerce Department.

Adjusted for seasonality, nonstore sales reached $52.14 billion in October, a 6.8% increase compared with $48.82 billion in October 2016. That’s a smaller gain than September, which experienced a 9.2% year-over-year increase, and August, during which nonstore sales grew 8.4% compared to prior year period.. . . more

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