Department of Commerce: E-commerce spending up

Share this content:

U.S. retail e-commerce totaled $48.2 billion during the third quarter of 2011, an increase of 13.7% compared with the third quarter of 2010, according to Nov. 17 estimates from the U.S. Census Bureau of the U.S. Department of Commerce.

Overall U.S. retail sales during the quarter totaled $1.1 trillion, an increase of 8.2% compared with the third quarter of 2010, according to the estimates.

“There was a little bit of relative softness in this quarter given the market volatility,” said Andrew Lipsman, senior director of industry analysis at comScore, a digital business analytics company. “As of now, there seems to be only minor pullback and Q4 is looking pretty strong.”

E-commerce sales in the third quarter of 2011 accounted for 4.6% of total sales, a slight increase over Q3 2010's 4.4% increase.

Lipsman said 4.6% is a soft number given that overall retail sales include food, gas and automotive purchases. “If you take out food, gas and auto from the calculation, the increase is in the 8% to 9% range now,” he said. 

The sentiment indicators comScore is seeing for the fourth quarter are relatively positive, he said.

“If we're looking at growth rates going back to 2005 through 2007, we were looking at growth rates in the 20% range,” he said. “Given the backdrop of the overall economic environment, the fact that we're in the teens is a good sign.”

The Census Bureau estimates are based on approximately 12,500 retail firms whose sales are weighted and benchmarked to represent the complete universe of more than 2 million retail firms, according to the U.S. Department of Commerce.

close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above