The Q1 2023 retail e-commerce sales estimate was a rise of 7.8 per cent year on year (YoY).
Total retail sales for Q1 2023 were estimated at $1,799.5 billion, a rise of 0.9 per cent quarter on quarter and an increase of 3.4 per cent YoY.
E-commerce sales in during the period accounted for 15.1 per cent of total US sales.
When not adjusted for seasonal variation, the estimate of US retail e-commerce sales for the quarter totaled $253.1 billion, a decrease of 16.5 per cent quarter on quarter and an increase of 8 per cent YoY.
ALCHEMPro News Desk (DS)
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