E-Commerce Sales Up Sharply in 4th Quarter
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From Reuters
U.S. retail sales over the Internet and other electronic networks surged in the fourth quarter of 2003, making up almost 2% of total retail sales, the Commerce Department said.
E-commerce sales rose 29.7% in the fourth quarter over the previous quarter to $17.2 billion. Overall retail sales rose 5.2% in the fourth quarter.
The share of total retail sales accounted for by e-commerce reached its highest level since Commerce began tracking it in 1999 -- 1.9%, up from 1.5% in the third quarter.
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