E-commerce 6.4% of retail sales, record high

E-commerce sales made up 6.4 percent of all retail sales in the second quarter, an all-time high according to the U.S. Census Bureau.

The growth is a 4.9 percent increase sequentially and a 15.3 percent year-over-year, reported 24/7 Wall St. That amounts to about $75 billion worth of e-commerce sales.

As a whole, retail sales rose 2.3 percent sequentially, making it not even half as much as the growth seen in e-commerce. Year-over-year, e-commerce sales rose 15.7 percent, compared to a 4.4 percent rise in total retail sales.

Although this growth is substantial, it's important to note that e-commerce was still small on the scale of the $1.17 trillion in total retail market sales in the second quarter.

Even big box, brick-and-mortar stores are seeing the payoff from their e-commerce efforts. In the second quarter, Walmart (NYSE:WMT) reported a $3.2 billion increase, due in large part to its strong e-commerce sales.

With such rapidly growing numbers, it's no surprise that every brand is looking to get into e-commerce. In fact, Yahoo (NASDAQ:YHOO) just announced the launch of Stores, an e-commerce platform that helps retailers start, build and grow businesses online.

For more:
-See this 24/7 Wall Starticle

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