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Momentum in eCommerce sales continues to grow

May 24, 2005

According to statistics released Friday by the U.S. Census Bureau, the phemomenal growth in retail eCommerce sales continues to increase. Results for first-quarter 2005 retail e-commerce sales show a boost of 24 percent, on a year-over-year basis.

First-quarter retail sales of all stripes usually are less than those for the boisterous holiday fourth-quarter period.

On a non-adjusted basis, U.S. retail e-commerce sales fell in the first quarter by 10.8 percent to 19.2 billion from $21.6 billion in the fourth quarter of 2004. That sales figure was adjusted upwards from the preliminary estimate of $21.4 billion, which was released in February. Overall, retail sales declined in the first quarter by 10.5 percent to $853.2 billion in sales on a non-adjusted basis.

On an adjusted basis "for seasonal variation and holiday and trading-day differences, but not for price changes," the Census Bureau reported that retail e-commerce grew by 6.4 percent from the fourth quarter of 2004. In comparison, retail sales as a whole on an adjusted basis only grew by 1.5 percent.

As a percentage of total retail sales, e-commerce continues to keep pace. On a non-adjusted basis, the sector represented 2.3 percent of all retail sales, unchanged from the fourth quarter of 2004. On an adjusted basis, e-commerce actually nudged up a bit to 2.2 percent, up from 2.1 percent the previous quarter, and 2 percent in the third quarter of 2004.

Source: eCommerce Guide

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