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November 18, 2011

U.S. e-commerce Sales grows To $48.24 billion in Q3,2011










U.S. e-commerce sales reached $48.24 billion in the third quarter, up 13.7% from $42.42 billion for the same period a year ago, according figures released today by the U.S. Department of Commerce. Third quarter 2011 e-commerce sales increased 1.9% from $47.35 billion in the second quarter, according to the department’s seasonally adjusted.

Still, e-commerce sales growth rates during the third quarter were lower than previous growth rates that exceeded 17% during the first and second quarters of 2011.
E-commerce accounted for approximately 4.6% of total retail sales excluding foodservice—mainly restaurant and bar sales—during the three months ended Sept. 30, up slightly from 4.4% in the third quarter of 2010 and 4.5% from the second quarter of 2011, the Commerce Department says. Total retail sales excluding foodservice during the third quarter totaled $1.05 trillion