New data suggests online retail is off to a solid start in Q3

U.S. e-commerce continues to drive growth in the retail sector, as nonstore sales jumped 11.5% in July, the U.S. Commerce Department reported today. Total retail sales increased 4.3% year over year.

In the first month of the third quarter, nonstore sales adjusted for seasonal variations totaled $52.74 billion, compared with $47.31 in July 2016. The 11.5% jump in July is a significant acceleration from June, during which nonstore sales increased 9.3% over the same month last year.

Nonstore sales mainly take place online, but also include other sales that take place outside of stores, including mail and telephone orders, door-to-door sales and sales through vending machines.

Internet Retailer uses the monthly nonstore figures disclosed by the Commerce Department as an early indicator of the health of the e-commerce market, on which the agency reports sales on a quarterly basis. The Commerce Department reports on second quarter U.S. e-commerce sales on Thursday morning, and third quarter results will be released in November.

An historical look at the correlation between nonstore sales and e-commerce sales shows that e-commerce is a growing portion of these sales. In the first quarter of 2017, for example, the latest quarter for which data is available, e-commerce represented 70.3% of nonstore sales. That compares with 68.7% in the first quarter of 2016.
more at:  https://www.digitalcommerce360.com/2017/08/15/new-data-shows-online-retail-solid-start-q3/

Related Posts

Back To School Note: Paper Still Important For Productive Learning

While the definition of a classroom writing tablet has expanded these days, a recent study shows that paper is still important to productive learning. The Paper and Packaging Board surveyed 4,300 students, parents and teachers in the United States and not only does paper have a role in the classroom, but its use and importance is growing. The study revealed three themes around the value of paper for learning. First, paper boosts engagement in school. Nearly two-thirds of K–12 teachers (64%) feel students comprehend information better and are more engaged (63%) when they read on paper. Close to two-thirds (64%) of K–12 teachers reveal their students even respond better to lessons that are based on paper textbooks. Click Read More below for more of the story.

Latest USPS Report Shows Sustained Service Performance

FY24 first quarter service performance scores covering October 1 through October 20, included: *First-Class Mail: 89.1 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 2.0 percentage points from the fiscal fourth quarter. *Marketing Mail: 94.3 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal fourth quarter. *Periodicals: 84.6 percent of Periodicals delivered on time against the USPS service standard, a decrease of 1.4 percentage points from the fiscal fourth quarter.

Half of all U.S. states raising minimum wage in 2021 – here is the list (chainstoreage.com)

The move to increase the minimum wage gained significant ground in 2020 on the state level. Twenty-five states will raise the minimum wage in 2021, with 21 of those states enacting the increases on January 1, according to payroll experts at Wolters Kluwer Legal & Regulatory U.S. The firm noted that some of the hikes in states such as California, Colorado, Maine, Washington are the result of previously approved incremental increases to reach a specific amount that is considered to be a "living wage." Other states' increases reflect an annual cost-of-living adjustment, which accounts for the changes in states like Alaska, Florida, Minnesota, and Montana.
Back To Top
×Close search
Search