Retail E-Commerce Flourishing
A new report from the US Census Bureau reveals retail e-commerce (excluding travel) Q4 earnings reached $27.08 billion, up from $21.52 billion in 2004. Retail e-commerce accounted for 3.3% in total retail sales in Q4 of 2006, up from 2.7$ in Q4 2005.
EMarketer's Jeffrey Grau, senior analyst and e-commerce specialist said, "Retail e-commerce sales for Q4 2006 exceeded expectations by increasing 25% over the same quarter a year ago. This is the biggest jump in Q4 sales since 2002 and is additional evidence that the Internet channel is stealing sales away from retail stores."
Total e-commerce sales for 2006 were estimated at $108.7 billion. Of that, e-commerce accounted for 2.8% of the total, up from 2.4% in 2005.