Online sales in U.S. up 8.5%

 

Online and other non-store sales in February were up 8.5% YoY in the U.S.  Overall retail sales slumped 0.4% from January despite the strength of the online economy. The U.S. Commerce Department released data on Wednesday showing that overall retail sales declined slightly in February compared to the previous month. Car sales declined by 1.8% month over month, along with sporting goods, which fell by 0.5%. Online and other non-store sales rose by 1.6% month over month and 8.5% YoY. NRF chief economist Jack Kleinhenz noted that consumer spending remains robust, considering that February is usually the slowest month of the year.