US ecommerce grows 10.8% in Q3 2022 (

Online sales reached double-digit growth in Q3 after four quarters of modest ecommerce growth. Amazon moving its Prime Day sale into Q3 aided this sales bump. More than 20% of consumer spending from July-September occurred online.

Key takeaways:
*U.S. ecommerce grew 10.8% in Q3 2022.
*Amazon moved its Prime Day sale to July this year from June last year. This pushed dollars into Q3 and bolstered ecommerce growth for the quarter.
*Amazon, Walmart and Target’s collective performance drove the overall market for the three-month period.
*20.6% of all dollars spent on retail purchases came from online orders.
*Sales through all channels grew 7.7% in Q3, while in-store and other offline sales grew 7.0%.
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