Online Retail Sales Up in Second Quarter

WASHINGTON - The Commerce Department said today that sales at U.S. online retailers rose in the second quarter of 2002, but fell slightly as a proportion of overall retail sales, Reuters reports.

Online retail sales grew by 3.7 percent in the second quarter to $10.24 billion. However, online retailing still makes up only a tiny fraction of overall retail sales, the report showed. Online sales also grew at a slower pace than overall retail activity, which rose a much stronger 11.0 percent.

Compared to the second quarter of 2001, online purchases climbed 24.2 percent. That's the largest year-over-year gain since the second quarter of 2001's 29.9 percent jump.

The tally is based on a survey of 11,000 retailers. It does not cover some common online services, such as airline and concert ticket purchases, online brokerage activities or pornography.
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