It’s no secret that E-Commerce sales are booming! Online sales continue to grow even after a strong 2015.
Here’s what Stefany Zaroban reported on this growth for Internet Retailer:
Online sales grew 15.1% in Q1 and accounted for 11.1% of retail sales when factoring out items not normally bought online. That’s the highest e-commerce penetration in history.
The e-commerce market had another big quarter, as web sales totaled $86.3 billion for the period ended March 31, a 15.1% increase over $75.0 billion in the first quarter of 2015, according to non-adjusted estimates released this morning by the U.S. Department of Commerce.
The 15.1% growth is slightly ahead of growth on the web in Q4, and, along with Q3 2015’s growth of 15.1%, the highest year-over-year increase in e-commerce sales since the third quarter of 2014.
Total retail sales for the quarter grew 3.3% on a non-adjusted basis to $1.117 trillion from $1.081 trillion, when factoring out foodservice sales and sales at restaurants and bars. Online sales accounted for 7.7% of retail sales during the first quarter of 2016 versus 6.9% in 2015, and e-commerce accounted for 31.8% of total retail sales growth.
You can read the rest of this article HERE