e‑Commerce Sales Remain Strong, Up 15% Over a Year Ago

U.S. online retail spending reached $43.2 billion for the second quarter 2012, up 15% over a year ago, according to new data from comScore. 

It was the eleventh consecutive quarter of positive year-​over-​year growth and seventh consecutive quarter of double-​digit growth. The top-​performing online product categories were: digital content & subscriptions, consumer electronics, flowers, greetings and gifts, computer hardware, apparel and Accessories. Each category grew at least 16% over a year ago.

While the second quarter’s 15% 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,” said comScore chairman Gian Fulgoni.

Although e‑commerce remains strong, comScore is taking a cautious view of the second half of 2012 in light of some renewed signs of economic uncertainty and a stubbornly high unemployment rate, Fulgoni added.

So, even as commerce increasingly shifts to the online channel, any significant future pullback in overall consumer spending could dampen the strong double-​digit growth rates we’ve been experiencing for the year-​to-​date,” he said.

[Source:  Data compiled by comScore.  9 Aug. 2012.  Web.  10 Aug. 2012.]