Posted: 2020-08-18 9:21:23

US E-Commerce Grew 44% in the Second Quarter

From Marketplace Pulse at Marketplace Pulse
Originally published 2020-08-18
U.S. e-commerce grew 44.5% in the second quarter, the fastest growth in over two decades, lifting e-commerce share of total retail to 16.1%
U.S. e-commerce penetration reached 16.1% in the second quarter, up from 10.8% a year before. Excluding sales of cars, car parts, bars, and restaurants, e-commerce penetration was more than 22%. One part of e-commerce penetration growth was increased sales online, another - decreased overall retail spending (the denominator in the penetration calculation). Retail spending shrank by 3.6% in the second quarter.
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Tags:second quarter,year,commerce growth,u.s.,commerce penetration,sale of car,overall retail spending,north america segment,department of commerce,impact of marketplace
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