Retailgeek

US Dept of Commerce E-Commerce Sales data is out for Q2. Q2 e-commerce grew 6.6% vs Q2 2023, which reflects a slowing growth rate for e-commerce. Core retail sales (sales without gas, auto, and restaurants) grew 3.1% during the same period. Year to date (Jan-Jun) e-commerce reflects 21.8% of year to date core retail sales. Here is a visualization that has been adjusted for seasonality. To put the 6.6% Q2 E-Com growth in perspective. Amazon US E-Commerce grew about 8.7% and Walmart E-Com grew 22% during the same period. The big are getting bigger, everyone else is losing ground.

USDC E-Commerce Quarterly data is out. Q1 2024 E-Commerce grew 8.5% vs the previous year. E-Commerce at Amazon grew 11% and 22% at Walmart, so the most other retailers didn't have a great quarter. E-Commerce for the quarter represented 22% of Core Retail Sales (retail minus restaurants, automobiles , and gas). Core Retail grew 3.8% YoY, and Core Bricks and Mortar grew 2.55% (without e-commerce). As you can see E-Commerce shot up in Q1 2020 (pandemic) The denominator of these ratios matters a lot... I'd argue Core Retail is the most informative, but you can also look at E-Com Revenue without a ratio. https://lnkd.in/ggeSbBEv

There are really only two options for how to best spend that perfect second week of June. Either join me in Spain to belatedly celebrate my in-laws 50th wedding anniversary, or join Jill Dvorak, MBA and all my cool friends in NYC for CommerceNext Growth Show. Uncover what drives Gen Z’s spending, brand values and loyalty firsthand at the two Z-Suite panels happening at the 2024 CommerceNext Growth Show in NYC on June 11-13! ??? Dive into discussions where Gen Zers reveal their brand preferences and encounters, equipping you with essential information to amplify your brand. Don't miss out on the chance to shape your strategies with direct input from Gen Z! ?? ??Scaled retailers and brands can attend for FREE by registering here: https://hubs.ly/Q02vx-kQ0 hashtag #CN2024 hashtag #Ecommerce hashtag #GenZ hashtag #Retail hashtag #Tech hashtag #Panel hashtag #Community