US E-Commerce Sales Jump While Overall Retail Sales Stagnate

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A report by the US Commerce Department shows e-commerce sales in the US shot up 14.1 percent over the past year while overall retail sales have only climbed one percent year-over-year.

In the second quarter of this year, US e-commerce sales jumped to $83.9 billion in the second quarter compared to Q2 2014, even after adjusting for seasonality, according to the report published Monday.

In total, 7.2 percent of the estimated $1,171.5 billion in US retail sales transactions took place online during the second quarter, rising from 7.0 percent in the first quarter of the year and 6.3 percent a year ago.

When not accounting for seasonal retail variations, the Commerce Department estimates US retail e-commerce sales racked up to $78.8 billion, jumping 5.1 percent from Q1 and 14.4 percent year-over-year. When not accounting for seasonality, the report finds e-commerce sales drove approximately 6.6 percent of all retail sales.

The data was based on a sampling of around 10,000 US retail companies, excluding food services, and may have included firms without an e-commerce presence.