Online holiday retail spending has slowed slightly, but remains relatively solid according, to a new report from comScore.For the holiday season through December 12, $19.44 billion has been spent online, about the same amount as last year. For the twelve days beginning with December 1 (Cyber Monday), the kick-off to the heaviest part of the online shopping season, sales totaled $8.26 billion up 3 percent compared to a year ago.
Online retail spending in October grew by only 1 percent compared to October 2007, representing the lowest monthly growth rate since 2001, according to a report from comScore who began tracking ecommerce seven years ago.The report said that the softness in online retail spending was due in part by negative spending growth in households earning less than $50,000 a year.
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