iEntry 10th Anniversary RSS Newsletter Advertising
Join the WebProWorld Forum!

Online Holiday Spending Sets New Record

Post to Twitter Post to Facebook

$19 billion spent so far

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.

The most recent work week (December 8-12) saw ecommerce sales slip slightly by a marginal 1 percent, although Tuesday, December 9 was the heaviest online spending day on record with $887 million in sales.

"After a very strong first week of December, e-commerce sales growth slowed somewhat during the most recent week," said comScore chairman Gian Fulgoni. "However, the week still managed to see a few particularly strong spending days, with sales of $887 million on Tuesday, December 9 surpassing Green Monday last year (December 10, 2007) as the heaviest online spending day on record."

Online Holiday Spending Sets New Record

"With Christmas now fast approaching, look for online retailers to continue to offer enticing last-minute deals, including discounts on expedited shipping, to spur a final wave of spending. In fact, some retailers are even willing to offer free shipping as late as December 18 this year with a guarantee that the shipment will arrive by Christmas Eve. It will be interesting to see the impact that this offer has in terms of pulling additional spending from retail stores to the online channel."

The fastest growing product categories from December 1 through December 12 were apparel & accessories (up21 percent, trailed by books & magazines (up 18 percent), and flowers, greetings & gift (up 18 percent).

Apparel & accessories, the second largest online retail category buy dollar sales, has seen sales growth because of large discounts and unseasonably cold weather in many parts of the country.
 

About the author:
Mike is a staff writer for WebProNews.

1 Comment

Using eCard to boom your business at Christmas

Ecard could be a useful tool for online retails to boom Business at Christmas, Even In Recession.Here is a guide.
Boom Business with E-Card at Christmas, Even In Recession

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
6 + 5 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
Featured Headline
Search Bing From Hotmail Inbox to Insert Content
Bing Added to Quick Add Feature
1 comment | 20 hours ago
WebProNews on Facebook
 
Subscribe to WebProNews


Send me relevant info