For this year's second quarter, preliminary estimated e-commerce spending was 3.3% of total estimated retail spending of $1.034 trillion. In a likely reflection of a recently slowing economy, that percentage of e-commerce of all sales was the same for the third consecutive quarter ' something that's happened only once, in 2001, when the percentage of e-commerce sales was 1.1% for the first through third quarters.
Michael Lear-OlimpiThirty-four billion, six hundred million.
That's what the U.S. Census Bureau figured e-commerce accounted for in the retail sector between March and July.
It's a big number, for sure, and again the highest ever, but not a surprise for the e-commerce marketplace, which has logged increases since the Bureau began tracking electronic retail transactions in 1999,
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A recent decision from the U.S. District Court for the Southern District of New York (SDNY), United States v. Heppner, has generated outsized commentary suggesting that the use of generative AI tools may jeopardize attorney-client privilege. A closer reading shows something far less dramatic.
