E-Commerce Small But Growing, Commerce Department Report Says
E-commerce sales rose 1.2 percent during the first three months of the year to $5.26 billion, according to the department. Internet sales accounted for $5.198 billion in the fourth quarter of 1999.
Still, e-commerce was just a drop-in-the-bucket when compared to the rest of the retail world. Internet sales accounted for only 0.7 percent of the $747.8 billion in overall retail sales during the first quarter.