Yesterday, the Department of Commerce released their Quarterly E-Commerce Report:

Latest Quarterly E-Commerce Report

The 2nd Quarter 2009 Retail E-Commerce Sales Report was released on August 17, 2009, and available as:
Cautious consumer spending had an impact on online sales in the second quarter.Online retail sales in the second quarterwere down 4.5% from Q2 last year, the Department of Commerce reports.Sales in Q2 2009 were $30.8 billion compared to $32.2 billion a yearago, on a basis that does not adjust for trading days or price changes.On an adjusted basis, sales declined 4.4% to $32.4 billion from $33.9billion a year earlier.

Editor's Note: T
otalretail sales fell 10.7% on anadjusted basis. However, almost all of that decline was the result offalling gasoline prices and the pullback in auto sales. Factoring outthose two areas, the report states that retail sales fell 1.7% in Q2 vs. a year ago. TheCommerce Department reports a plus or minus factor of 2.1% in itsonline sales estimate.


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Posted by John B. Frank Tuesday, August 18, 2009

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