[TSP_Strategy] US Retail Internet Sales

 

Charts of the Week

U.S. Retail Internet Sales

Chart of the Week for November 24, 2017 - November 30, 2017

On a quarterly basis the U.S. Census Bureau publishes data concerning Internet Sales, which is defined as sales of goods and services over the internet or other online system. The chart above shows the sales figures for fourth quarter of 2016 through the third quarter of 2017.

As we approach the 2017 holiday shopping season, Internet Sales continue to show strong growth. Third quarter 2017 sales totaled $115.3 billion, a 3.6% gain compared to the second quarter of 2017. Over the past four quarters sales have increased 15.5%. Internet Sales have increased from 2.4% of total retail sales in the first quarter of 2005 to 9.1% of total retail sales in the third quarter of 2017, and have posted 35 consecutive quarters of sales growth. Internet Sales continue to impact brick and mortar stores with some news outlets reporting that more than 6,700 retail outlets will be closed this year.

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