The U.S. Department of Commerce releases domestic retail sales and e-commerce-only totals every calendar quarter. Newly announced figures for Q1 2024 (PDF) showed total retail sales of $1.82 billion (down slightly compared to Q4 2023) and e-commerce only retail sales of $289 billion, an increase of 2.1% sequentially. I am.
According to the DoC, e-commerce sales cover “goods and services that are ordered (or for which the price and terms of sale are negotiated) by the buyer via the Internet, mobile devices, extranets, electronic data interchange networks, email, or equivalent online systems; payment may or may not be made online.”
E-commerce accounted for 15.9% of total U.S. retail sales in the first quarter of 2024, up slightly from 15.6% in the previous quarter.
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The DoC reported that U.S. e-commerce retail sales in Q1 2024 increased 8.6% compared to Q1 2023, with total retail sales for the quarter increasing 1.5% annually compared to the same period last year.
