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This Is How Top US Retailers' E-Commerce Businesses Stacked Up During The Quarter
This Is How Top US Retailers' E-Commerce Businesses Stacked Up During The Quarter
Cooper SmithMay 29, 2014, 02:10 IST
In recent weeks, a number of top U.S. retailers reported first quarter earnings, allowing BI Intelligence to compare the e-commerce segments of their business.
Nordstrom's online sales grew the most among the top retailers we looked at. Its online retail sales in the first quarter totaled an estimated $400 million, according to Internet Retailer. That's up 33% from the first quarter of 2013.
Best Buy also had a strong quarter online. Its e-commerce sales in the U.S. grew 29% year-over-year to $639 million.
Wal-Mart did not break out a dollar figure for e-commerce, but it did say that online sales grew 27% over the first quarter of 2013. Similarly, J.C. Penney's e-commerce sales grew 26% over the same quarter last year.
Gap's online sales in the first quarter grew 13% year-over-year to $575 million. That's down from Gap's 2013 sales growth of 17%.
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