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US online sales grow 24% in Q2

Online sales in the US jumped 24.2% in the second quarter of 2002, the US Department of Commerce said on Thursday night.

According to the agency, online retail sales for the second quarter of this year totaled $10.2 billion, up 24% over the same quarter last year. Those figures were not corrected to take into account seasonal jumps such as holidays.

The agency found that e-commerce sales increased 3.7% from the first quarter of this year.

That $10.2 billion figure, however, still pales in comparison with overall US retailing numbers. The agency said total retailing for the second quarter was $825.5 billion, a 2.5% increase from the same period a year ago.