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2017 Charts of the Week

U.S. Internet Sales

Chart of the Week for May 19, 2017 - May 25, 2017

U.S. Internet Retail Sales continue to grow in total dollars and as a percentage of all retail sales.

The chart above shows U.S. Internet Retail Sales as of the end of the first quarter for the past three years. This data is published quarterly by the U.S. Census Bureau.

Over the last two years, Internet sales rose from $80.3 billion to $105.7 billion, an increase of 31.6% as Americans continue to shop from home as opposed to visiting brick and mortar retail stores. The change over the last year was 14.6%. Internet sales as a percentage of overall retail sales also increased from 6.9% to 8.5% over the last two years. While that news is good for Internet retailers, the news has not been positive for retail employees, as the March 2017 Employment Report noted a loss of 30,000 retail jobs following the February 2017 Employment Report, which noted a loss of 26,000 retail jobs.

© Copyright 2017 ICMA Retirement Corporation, All Rights Reserved. This information is intended for educational purposes only and is not to be construed as investment advice or a solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed here. Past performance is not necessarily indicative of future performance.

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