E-Commerce Sales Rise Q2Q

Third-quarter e-commerce sales rose a quarter-to-quarter 4.0 percent for a year-on-year gain of 16.2 percent. As a percent of total retail sales, e-commerce sales are at a record 6.6 percent.

Definition:
E-commerce sales are sales of goods and services where an order is placed by the buyer or price and terms of sale are negotiated over the Internet, an extranet, Electronic Data Interchange (EDI) network, or other online system. Payment may or may not be made online.