📈 U.S. E-Commerce Retail Sales Hit $292 Billion in Q2 2024, Representing 16% of Total Retail Sales

E-commerce retail sales have grown at a compound annual growth rate (CAGR) of 17%, rising from $6.9 billion in 2000 to $292 billion by Q2 2022. Over this period, the e-commerce share of total retail sales increased from 0.9% to 16.0%. During the COVID-19 pandemic, e-commerce sales surged by 54%, but have since normalized to pre-pandemic levels by 2022.