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. Click Read More below for more of the story.