Digital Commerce 360
Consumers spent $145.74 billion online with U.S. retailers in the third quarter, up 17.3% from $124.21 billion for the same period in 2018, according to retail data released Tuesday by the U.S. Department of Commerce. This is significantly higher than the year-over-year ecommerce growth registered in the first six months of the year, when web sales in Q1 increased 11.6% and in Q2 jumped 13.6%. Last quarter’s rate also marks the highest quarterly growth since Q4 2011, when online revenue spiked 18.6% over the same period the previous year.
While a banner year for Amazon.com Inc.’s Prime Day sale in July undoubtedly contributed to the strong showing, some analysts are pointing to the retailer’s investments in shortening delivery times from 2- to 1-day shipping and Walmart Inc. expanding its online grocery service as the major reasons why ecommerce flourished last quarter.. . . more