Web sales up 14% in US

U.S. e-commerce sales totaled $83.86 billion in the second quarter, up 14.1 percent from one year ago. In contrast, overall retail sales only rose 1 percent, with Web accounting for nearly all of the growth, according to the U.S. Commerce Department.

After removing e-commerce from the results, retail sales increased 0.14 percent, Internet Retailer reported. Overall, e-commerce accounted for 7.2 percent of all retail sales in the second quarter, the highest level on record.

One year ago, e-commerce accounted for 6.3 percent of all retail sales. After removing automobiles and fuel from the total, e-commerce accounted for 9.2 percent of retail sales in the latest quarter.

Looking at the first half of the year, e-commerce sales totaled $164.31 billion, or 7.1 percent of total retail sales. Much of that contribution comes from abroad. For example, the Asia-Pacific e-commerce market is expected to grow 25 percent this year.

E-commerce has helped propel sales for several U.S. retailers in the first two quarters of the year. For example, Lululemon (NASDAQ:LULU) sales were up 10 percent in the first quarter, due in large part to its online sales. Nordstrom's (NYSE:JWN) online sales jumped 20 percent in the latest quarter, helping the chain reach a 9.2 percent total sales growth.

For more:
-See this Internet Retailer article

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