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
Walmart Inc. announces fourth-quarter results with strong growth in revenue and operating income. Globally, eCommerce grew 16% with penetration up across all segments. Walmart U.S. comp sales up 4.6%2 with positive growth in general merchandise. Looking ahead, the Company issues guidance for FY26 with net sales expected to grow 3% to 4% and adjusted operating income in constant currency (“cc”)1 to grow 3.5% to 5.5%, including a headwind of 150 basis points from the acquisition of VIZIO Holding Corp. (“VIZIO”) and lapping leap year. "Our team finished the year with another quarter of strong results. We have momentum driven by our low prices, a growing assortment, and an eCommerce business driven by faster delivery times. We’re gaining market share, our top line is healthy, and we’re in great shape with inventory. We’ll stay focused on growth, improving operating margins, and strengthening ROI as we invest to serve our customers and members even better.” Doug McMillon President and CEO, Walmart
Second Quarter Highlights *Delivered sales of $4.2 billion, up 9.0%, or 10.1% on a daily, constant currency basis *Generated operating earnings of $661 million, up 23.5%, with operating margin of 15.8%, up 190-basis points *Achieved diluted EPS of $9.28, an increase of 29.1% *Produced $450 million in operating cash flow and returned $265 million to Grainger shareholders through dividends and share repurchases *Announced plans to open a new 500,000-square-foot distribution center in Oregon in 2025
The Association of American Publishers (AAP) today released its StatShot report for April 2023 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. Total revenues across all categories for April 2023 were down 7.6% as compared to April 2022, coming in at $732.3 million. Year-to-date revenues were up 0.9%, at $3.9 billion for the first four months of the year. Trade (Consumer Books) revenues were down 11.2% in April, coming in at $605.7 million. In terms of physical paper format revenues during the month of April, in the Trade (Consumer Books) category, Hardback revenues were down 9.2%, coming in at $218.1 million; Paperbacks were down 16.3%, with $208.9 million in revenue; Mass Market was down 10.7% to $12.7 million; and Special Bindings were down 2.8%, with $12.3 million in revenue.