E-Commerce = Acceleration Continues @ +16% vs. +14% Y/Y, USA E-Commerce Sales + Y/Y Growth $500B 20% $400B 16% USA , s le th a $300B 12% S e Grow rc /Y Y $200B 8% mme Co - E $100B 4% $0 0% 2010 2011 2012 2013 2014 2015 2016 2017 E-Commerce Sales Y/Y Growth Source: St. Louis Federal Reserve FRED database. Note: Historic data (Pre-2016) adjusted / back-casted in 2017 by USA Census Bureau to better 45 align with Annual Retail Trade + Monthly Retail Trade Survey data.