Data provided by iNet BFA
Loading...
See More

US online sales surge 13%

Dec 30 2010 08:39 AFP

Related Articles

Retail sales maintain momentum

Retail strike threat

Retail banks cut rates

Consumer confidence buoys retail hopes

Recovery boosted by retail sales rise

August retail sales disappoint

 
New York - Americans clicked up a record $30.8bn in online holiday sales in 2010, a jump of 13% from a year ago, a survey showed Wednesday.

The research firm comScore said holiday season retail e-commerce spending for the 56 days of the November-December holiday period had been fueled by a late surge in spending -- some $2.45bn was spent online in the week to December 26, a 17% jump.

"Online holiday spending has remained strong through Christmas and we've already seen the season totals easily surpass the levels of the past few years to set a new record for spending at almost $31bn," said comScore chairman Gian Fulgoni.

"For at least this holiday season, the American consumer has been able to shrug off the continuing economic challenges of high unemployment rates and depressed housing prices and spend at a rate that has been slightly stronger than we had expected," he added.

"After the past few years' struggles, it is gratifying to see e-commerce return to a state that can only be described as a very merry holiday shopping season."

Among the big sellers for the gift-giving season were computer and related products, up 23%; books and magazines (22%); consumer electronics (21%); computer software (20%) and toys (16%).

A separate survey this week by MasterCard Advisors SpendingPulse, showed a 5.5% increase in overall holiday spending, excluding autos, in the period from November 5 through December 24.

"If last year's holiday story was about gaining some stability, this year's is about getting back to growth," said Michael McNamara, vice president at SpendingPulse.

"We also saw a noticeable return in spending in the larger ticket items, as exemplified by the solid growth in jewelry, luxury and even the furniture category."

united states
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

“Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...