Current Trends in the Online RetailÂ
Making the right decisions for your business starts with having the most accurate and current information available. Our Online Retail Market Monitor keeps you up to date on the events, trends, and market forces that shape and guide your industry.
Winter 2018 Highlights
- The US Department of Commerce reported that online retail sales, adjusted for seasonal variation, reached $130.9 billion in the third quarter of 2018—a 2.9% increase from Q2 2018.
- China’s Singles’ Day, which took place on November 11, 2018, became the largest e-commerce day on record, reaching $30.8 billion in sales—a 21.7% increase over last year. On Black Friday, which fell on November 23, 2018, total online sales reached $6.2 billion, up 7.2% from last year.
- In June, the US Supreme Court overturned South Dakota v. Wayfair Inc., establishing that states can require online retailers to collect sales taxes, even if the retailers don’t have a physical presence in that state.
For more information or questions, please contact our contributors:
Rich Anderson, Managing Director | (949) 221-4006
Bradley Erhart, Associate | (949) 517-9452
Andrew Freeman, Analyst (949) | 221-4038
