Consumers spent $211.5 billion online during the second quarter of 2020, with e-commerce sales up 31.8% from the previous quarter, according to figures released by the Census Bureau of the Department of Commerce. E-commerce sales in the quarter accounted for 16.1% of total retail sales.
The data showed that total retail sales decreased 3.6% in the same period.
Compared to the year-ago period, second quarter 2020 e-commerce sales increased increased 44.5% while total retail sales decreased 3.6%.
https://chainstoreage.com/e-commerce-sales-jumped-nearly-40-second-quarter-says-us-census-bureau?oly_enc_id=3347B1825112J2H&utm_source=omeda&utm_medium=email&utm_campaign=NL_CSA+Day+Breaker&utm_keyword=
Related Posts
S&P Global reported third quarter 2022 results with reported revenue of $2.86 billion, an increase of 37% compared to the same period last year, primarily due to the inclusion of IHS Markit businesses, partially offset by declines in Ratings revenue. Continued execution drove growth across most of the Company's six divisions, while Ratings transaction revenue continues to be negatively impacted by a sharp year-over-year reduction in debt issuance. GAAP net income decreased 24% to $608 million and GAAP diluted earnings per share decreased 44% to $1.84 primarily due to the increase in shares outstanding as a result of the merger with IHS Markit. The Company plans to present strategic vision and multi-year targets at its previously announced Investor Day on December 1, 2022 in New York City. The event will be in-person by invitation, and webcast publicly.
Robert M. “Mike” Duncan, one of the Governors of the United States Postal Service, today announced that he is resigning his position on the board of governors due to health reasons. His resignation is effective immediately. Duncan has served on the board since August 2018 and was chairman from September 2018 to February 2021. Duncan’s current term on the board was set to expire this December. A copy of his letter of resignation can be found here. “My fellow governors and I are grateful to Mike Duncan for his service to this Board and to the Postal Service,” said Amber McReynolds, chairwoman. “In 2018, Mike was tasked with reestablishing the Board’s governance and operations after it had gone more than a year without any presidentially appointed governors. His leadership and vision for the Postal Service have played a big role in our efforts to create long-term sustainability for this critical organization.” “Mike Duncan’s business and political acumen was a great asset to the Postal Service during a period of historic transformation,” said acting Postmaster General Doug Tulino. “He has been an important leader for the Board, and Postal Service leadership is happy to have had his counsel and insights during this critical time.”
Meredith Corporation (NYSE: MDP; meredith.com) announced today it has completed its acquisition of Time Inc., and that February 1, 2018, will be the first day of operations for the combined…