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Q3 Online Retail Sales Up 27 Percent

Online retail sales hit $23.32 billion in the third quarter, up 26.7 percent from last year's third quarter, the Census Bureau of the U.S. Department of Commerce said. By comparison, total retail sales in the same period were up 8.5 percent, to $957.9 billion. Online retail sales now account for 2.3 percent of total sales, but the Commerce Department weighs this figure against all U.S. sales, including those that would never be performed online, such as gasoline and service station sales. Barring those types of sales, Internet Retailer says online's proportion would likely be 6 percent.

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