The U.S. Commerce Department yesterday released its online retail sales figures. Their estimate: $5.3 billion in sales during Q4 1999, or about 1% of overall retail sales. That’s a bit lower than estimates from research firms like Jupiter and Forrester. The Commerce Dept.’s figures don’t include travel or financial services, however. … But then, the Commerce Dept. also has less of stake than most research firms in publishing inflated numbers.
Official e-commerce count released (3/02/2000)