US online sales grow an estimated 17.7% in May

U.S. retailers’ nonstore sales reached $55.829 billion in May on a seasonally adjusted basis, a 9.1% increase compared with $51.155 billion in the same month of 2017, new monthly data from the U.S. Commerce Department shows.

That’s a slower increase than in April, when nonstore sales grew 10.5% on an adjusted basis year over year. Nonstore sales mainly take place online but also include other channels, such as mail and telephone orders, door-to-door sales and sales through vending machines.

Internet Retailer uses the monthly nonstore figures disclosed by the Commerce Department as an early indicator of the health of the e-commerce market. The Commerce Department only reports e-commerce sales on a quarterly basis. The agency will release its second-quarter results on August 17.
more detail at source: https://www.digitalcommerce360.com/2018/06/14/u-s-online-sale-grow-an-estimated-17-7-in-may/

Related Posts

Office Depot’s Charitable Programs Provide Over $3.5 Million in Educational Supplies to Students, Teachers and Title I Schools

Office Depot announced that over $3.5 million worth of educational supplies were recently provided to students, teachers and Title I schools across the country as a result of Office Depot’s charitable programs and the generosity of Office Depot and OfficeMax customers. Students at more than 25 Title I elementary schools received brand-new backpacks filled with traditional school supplies, with a total value at over $1.5 million, through Office Depot’s Start Proud!® national community investment initiative. The donated supplies, which included notebooks, composition books, highlighters, pens, pencils and more, were distributed to students during celebratory drive-thru and walk-up socially distanced celebrations at the start of the school year to help set them up for success. School administrators, teachers and Office Depot associates teamed up to host these events, which served as a fun kick-off to this unique new school year, filled with masked smiles and air high fives.

Coldwater Creek assets acquired by Hong Kong-based company (chainstoreage.com)

Coldwater Creek will be revived – online and in print. CWC Companies, parent company of the women’s apparel retailer, which shut down operations at the end of July, has been acquired by Newtimes Group, one of world’s largest supply providers to the apparel industry. The Hong Kong-based Newtimes said it purchased CWC’s inventory and intellectual property assets from Sycamore Partners for $12.2 million. Newtimes plans to operate the acquired assets as an independent entity under the newly formed Coldwater International and will provide sourcing and back-office support. The company plans to relaunch the Coldwater Creek website in a few weeks and issue a new Coldwater Creek catalogue before the end of the year.

Office Depot Donates $1.5 Million to Feeding America’s COVID-19 Response Fund

Office Depot announced that it is providing $1.5 million to Feeding America®, the largest domestic hunger-relief organization in the country, in support of its COVID-19 Response Fund to help local food banks across the country distribute more than 1.3 billion pounds of food to communities in need. “We are proud to support the Feeding America network of food banks as it works tirelessly to address the increased demand for food assistance resulting from the COVID-19 pandemic,” said Gerry Smith, chief executive officer for Office Depot and The ODP Corporation. “Now more than ever, we are committed to strengthening local communities and hope that this donation will help to provide relief for families that are struggling to put food on the table.”
Back To Top
×Close search
Search