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
Lee Enterprises, the victim of a cyberattack and system outage on February 3, says it has contained the threat and is working with security vendors to restore automation to its business processes. “Currently all products are being produced and distributed, although some limitations remain including limited depth of products due to tightened schedules,” the company says in an SEC filing. “Additionally, certain back-office functions remain delayed including billing our clients, collections, and payments to vendors.” The company expects normal processes to be restored in the coming weeks. Lee publishes over 70 news products throughout the country.
Costco Wholesale Corporation reported net sales of $12.17 billion for the month of June, the five weeks ended July 2, 2017, an increase of seven percent from $11.33 billion during the similar period last year. For the forty-four weeks ended July 2, 2017, the Company reported net sales of $104.28 billion, an increase of six percent from $98.51 billion during the similar period last year. Click Read More below for additional detail.
Shutterfly announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an $825 million incremental term loan facility, which closed simultaneous with the acquisition. “We are thrilled to welcome Lifetouch to the Shutterfly family, and are excited to bring together two undisputed leaders in adjacent verticals, both of which have the common mission of helping customers share life’s joy through photos,” said Christopher North, President & Chief Executive Officer of Shutterfly. “We are focused on realizing the three value creation opportunities that we previously articulated: gaining access to many Lifetouch customers as Shutterfly customers, offering Shutterfly’s broader product range to Lifetouch customers and accelerating the development of Lifetouch’s online platform, and realizing significant supply chain, manufacturing, and fulfillment synergies over time.” Click Read More below for additional information.