The Commerce Department reported online retail sales reached USD 91.24 billion. This is the largest YOY growth rate since Q3 2014, when ecommerce sales grew 16.2% compared with 2013.
Total retail sales excluding foodservice reached USD 1.22 trillion during the three months ended June 30 2016, a 2.1% increase. Ecommerce accounted for approximately 7.5% of total retail sales excluding foodservice – mainly restaurant and bar sales – down from 7.7% in Q1 2016 but up from 6.6% in Q2 2015.
These results follow several strong Q2 2016 earnings reports released in recent weeks from some of the web’s largest retail players. Web leader Amazon, for example, posted a 28% YOY increase in North American sales, most of which come from the US. Wayfair grew sales 72% during Q2 2016.
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