Thirty-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.
e-Commerce Slows Again
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.
By
Michael Lear-OlimpiThis premium content is locked for LawJournalNewsletters subscribers only
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