Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Online Stores Increase Stake in $520 Billion US Retail Market

Online shopping has become the second-biggest chunk of the US retail market, after overtaking grocery stores and restaurants in June.  
Amazon packages | Source: Shutterstock
By
  • Bloomberg

NEW YORK, United States — Online shopping has become the second-biggest chunk of the $520 billion US retail market, after overtaking grocery stores and restaurants in June.

Spending at non-store retailers, which includes online vendors such as Amazon.com, rose 1.7 percent last month and drove the overall increase in sales, according to the Commerce Department. Those outlets accounted for 12.45 percent of the national retail spend in June — ahead of the 12.44 percent going to grocery stores, and 12.41 percent at restaurants and bars.

It was the first time that non-store retailers had grabbed the number two ranking among the 13 categories that the commerce data is broken into. Vehicles and auto parts stores continued to account for the biggest chunk of US spending, about one dollar in five.

After seasonal adjustment, Americans spent $64.7 billion at non-store retailers in June. The category contributed about half of the overall 0.4 percent rise in retail sales.

By: Alex Tanzi; Editor: Alex Tanzi, Ben Holland

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024