Desktop-based e-commerce sales in the US hit USD49.8bn in Q2, the 15th straight quarter of increases, according to new estimates released by comScore. The revenues were up 16% year on year and comScore has pointed towards sales in April being particularly high. The figures highlight how quickly the retail market is being impacted by e-commerce, with Q2 typically a quieter period for online shopping.
“The second quarter tends to be seasonally lighter for e-commerce and, as such, the data represents a positive indicator for the back half of the year,” says comScore chairman Gian Fulgoni .
The new figures also reveal that top e-commerce product categories such as consumer packaged goods and digital content grew by at least 19% compared to a year ago. comScore says that consumers in the US spent USD4.7bn via m-commerce and that here accessories and apparel was the most popular product category.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more