OLB Group Inc (OLB)

[stevo51]

QUARTERLY RETAIL E-COMMERCE SALES
2nd QUARTER 2009
The Census Bureau of the Department of Commerce announced today that the estimate of U.S. retail e-commerce sales for the second quarter of 2009, adjusted for seasonal variation, but not for price changes, was $32.4 billion, an increase of 2.2 percent (±1.2%) from the first quarter of 2009. Total retail sales for the second quarter of 2009 were estimated at $906.0 billion, a decrease of 0.4 percent (±0.4%)* from the first quarter of 2009. The second quarter 2009 e commerce estimate decreased 4.4 percent (±2.1%) from the second quarter of 2008 while total retail sales decreased 10.8 percent (±0.4%) in the same period. E-commerce sales in the second quarter of 2009 accounted for 3.6 percent of total sales.

On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the second quarter of 2009 totaled $30.8 billion, an increase of 2.1 percent (±1.2%) from the first quarter of 2009. The second quarter 2009 e-commerce estimate decreased 4.5 percent (±2.1%) from the second quarter of 2008 while total retail sales decreased 10.6 percent (±0.4%) in the same period. E-commerce sales in the second quarter of 2009 accounted for 3.3 percent of total sales.