Estimates from comScore reveal that online retail growth continues its double-digit growth as US online retail spending reaches $43.2 billion.
Figures from digital business
analyst comScore has revealed that US online retail growth is outperforming traditional retail sales by four to one, representing an eleventh consecutive quarter of positive year-on-year growth, reports Visions & Trends.
The figures also reveal a seventh consecutive quarter of double-digit growth, and US online retail spending is stated to have reached $43.2 billion (€33.6 billion) for Q2 2012, rising 15 percent from Q2 2011.
comScore Chairman Gian Fulgoni commented: “While the second quarter’s 15 percent growth rate couldn’t quite match the especially high growth rate from the first quarter, it was nevertheless almost four times higher than the growth in overall consumer spending, a sign of continued strength in the e-commerce channel.
“That said, although e-commerce remains strong, we are taking a cautious view of the second half of the year in light of some renewed signs of economic uncertainty and a stubbornly high employment rate.”
Carl Evans, Cartridge World franchisee, recently spoke with The Recycler on the independent high street trader perspective, and opined: “I sometimes feel that it wouldn’t be such a bad thing to see the internet [deactivated] but that’s just dreaming. There’s more to the high street in a local community than actually purchasing product. The high street is not just about the transaction: it’s about the social interaction.”