US Online Sales Hit New High In Q4
US online retail sales exceeded $14 billion in the final quarter of 2002, according to a new report from the Department of Commerce.
The study calculated that e-commerce sales surged by 28.2% year on year to $14.33 billion. This in turn was an increase of 29.3% on the Q3 figure of $11.06 billion (see US E-Commerce Sales Top $11 Billion In Third Quarter) as more people used the web to do their Christmas shopping.
The yearly total of $45.54 billion represented a 26.7% rise from the $35.93 billion raised in 2001 and is another indication that consumer confidence in the internet is building. US online retail spend is predicted to be up by 1.4% in the first quarter of 2003, compared to the same period last year (see US Online Retail Spend To Nudge Up 1.4% In Q1, Finds Survey).
| US Online Retail Sales* | ||
| Year | Period | Sales ($ billion) |
| 2000 | Q1 | 5.81 |
| Q2 | 6.35 | |
| Q3 | 7.27 | |
| Q4 | 9.46 | |
| Full Year | 28.89 | |
| 2001 | Q1 | 8.26 |
| Q2 | 8.25 | |
| Q3 | 8.24 | |
| Q4 | 11.18 | |
| Full Year | 35.93 | |
| 2002 | Q1 | 9.88 |
| Q2 | 10.27 | |
| Q3 | 11.06 | |
| Q4 | 14.33 | |
| Full Year | 45.54 | |
| * excluding food services | ||
| Source: US Department of Commerce, February 2003 | ||
