Q2 e-commerce growth outpaced total retail sales, rising 12.2% year-over-year and capturing 17.1% of the market.
US e-commerce retail sales rose 3.8% quarter-over-quarter to $340.2 billion in Q2, accelerating from a 2.1% gain in the prior quarter. The increase marks a 12.2% year-over-year climb, reflecting stronger online consumer spending.
Total retail sales reached $1,986.5 billion, up 2.9% from $1,929.0 billion in Q1. E-commerce now accounts for 17.1% of total retail sales, up from previous quarters, underscoring its growing share of the market.
No immediate market reaction was reported, though the data highlights shifting consumer trends amid broader economic conditions.