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.
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.