• Glenn Wilson
    84
    By Wolf Richter.

    Ecommerce retail sales jumped 37% in the third quarter, compared to a year ago, to $210 billion (seasonally adjusted), after skyrocketing 44% in the lockdown-inspired second quarter, according to the Commerce Department today.

    Ecommerce sales have more than doubled over the past four years. Sales in Q2 and Q3 blew past last year’s Q4, the holiday-sales quarter that normally nothing comes close to until the next holiday-sales quarter – and this simply hasn’t happened before:

    US-retail-sales-2020-q3-ecommerce-SA-NSA.png

    Clearly, the explosive burst of ecommerce in Q2 that no one had been prepared for and that had bogged down supply chains and the ecommerce fulfillment infrastructure and the delivery system has backed off a tad, but even after backing off a tad, that 37% year-over-year jump in ecommerce sales in Q3 was the largest such jump since 2002 (while the 44% year-over-year jump in Q2 had been the highest ever recorded). This compares to average year-over-year growth rates since 2012 in the 15%-range. ...

    Continue at Wolf Street: Online Sales by Category, in Weirdest Economy Ever. More #WolfStreet.

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