Sales in jewelry & watches puts shine to 2006 holiday retail spending
29 Dec '06
3 min read
comScore Networks, a leader in measuring the digital age, released its estimates of consumer online non-travel (retail) spending at U.S. sites for the 2006 holiday season through Tuesday, December 26.
During the first 56 days of the holiday season, total online retail spending reached $23.11 billion, marking a 26-percent increase versus the corresponding days in 2005. Sales during the week prior to Christmas (December 18 – December 22, 2006) rose 38 percent versus the corresponding week in 2005.
Importantly, year-to-date non-travel e-commerce spending surpassed the $100 billion mark for the first time ever on Saturday, December 23, 2006.
“Online sales continued to show strong growth during the last week before Christmas when procrastinators were clicking with confidence,” said Gian Fulgoni, Chairman of comScore Networks.
“Consumers making purchases in those final days expressed both their faith in retailers' ability to pick and pack their orders in a timely fashion and shippers' ability to drop them on recipients' doorsteps in time for Christmas.”
“That online retail consumer spending for the year-to-date has surpassed the $100 billion mark is a testament to the continued growth and strength of the online marketplace,” continued Mr. Fulgoni. “Retail e-commerce now accounts for approximately 7 percent of consumers' U.S. retail spending (excluding gas, autos and food), making it an important component of the total U.S. economy.”
marketing@alchempro.com
