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Monday, August 18, 2014

E-commerce speeds up, hits record high share of retail sales

Shoppers are beating a path to retailers’ virtual doors, with e-commerce sales hitting $75 billion in the second quarter, representing a record high share of total retail sales, according to a government report released Friday.

E-commerce as a percent of total retail sales hit 6.4% last quarter, up from 6.2% in the first quarter and 5.8% in the second quarter of 2013, the U.S. Commerce Department reported.

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