Over the past 20 years, e-commerce has steadily risen in size and reach. According to Statista's Digital Market Outlook, roughly 230 million Americans will make an online purchase this year, spending a total of $474 billion. But how big is e-commerce really in the grand scheme of things? As the following chart, based on data from the U.S. Census Bureau, shows, the impact of online shopping on total retail sales in the United States is still smaller than many people might think. In the fourth quarter of 2017, e-commerce accounted for more than 10 percent of total retail sales for the first time ever, for the full year 2017 online sales accounted for roughly $9 of every $100 spent.
Time marches on, with a bit more skip this weekend. You'll lose an hour's sleep Saturday night, but gain more evening light in the months ahead, when the weather warms and you want to be outdoors. No time change is observed in Hawaii, most of Arizona, Puerto Rico, the Virgin Islands, American Samoa, Guam and the Northern Marianas. The Commerce Department's National Institute of Standards and Technology says daylight saving time covers 238 days, or about 65 percent of the year. This material may not be published, broadcast, rewritten or redistributed.
As Americans power through holiday shopping season, a vast majority now say they shop online. A new survey from the Pew Research Center found that eight in ten people in the United States have made purchases on the web, though only around 28 percent do so at least multiple times per month. While that number might not sound significant to you if online shopping is second nature, brick-and-mortar is still by far the dominant form of retail in the United States. E-commerce has been steadily growing for years, but it currently only accounts for less than a tenth of all sales annually, according to the latest data from the U.S. Census Bureau. That dominance is reflected in Pew's finding that 65 percent of respondents said they preferred to do their shopping in-store rather than online, all else being equal.
Federal securities regulators are investigating how Amazon.com Inc. has disclosed some details of its business practices, including how it uses third-party-seller data for its private-label business, according to people familiar with the matter. The Securities and Exchange Commission is probing how the technology giant--the largest U.S. e-commerce retailer and cloud-computing company--handled disclosures of its employees' use of data from sellers on its e-commerce platform, the people said. The SEC's enforcement division has asked for emails and communications from several senior Amazon executives, according to one of the people.