Online Retail Spending Reaches $39 Billion In Q4By: Mike Sachoff - February 9, 2010
Online retail spending in the U.S. in the fourth quarter reached $39 billion, a 3 percent increase compared to a year ago, according to the latest report from comScore.
Total retail ecommerce spending reached $129.8 billion in 2009, slightly lower than the previous year’s total of $130.1 billion.
"The fourth quarter, with a 3 percent year-over-year growth, helped end what has been a disappointing year for online consumer spending on a more positive note," said comScore chairman Gian Fulgoni.
"As we head into 2010, there is reason for guarded optimism for online retail spending to continue to gain share of consumers’ wallets. At the same time, I expect absolute growth to be stymied by continued high unemployment and the deleveraging that is occurring in the economy as consumers exercise their new found propensity to save."
The largest online retailers, led by Amazon and Walmart, gained market share of ecommerce sales compared to small and medium-sized retailers.
Spending growth was driven by an increase in online buyers, while average spending per buyer saw modest declines.
Other highlights from the report include:
- Free shipping factored into more than 40 percent of e-commerce transactions during the holiday season.
- Tuesday, December 15 ranked as the heaviest U.S. online spending day in history at $913 million.