Wednesday, May 25, 2011

US online retail spending

Retail spending in America bounces back

AMERICA'S shoppers spent over $1 billion online on Monday November 29th, the biggest one-day total ever recorded, according to comScore, an internet-research firm. Spending over the holiday season is growing again after two miserable years for consumers and retailers alike. Monday's sales alone were 16% higher than last year's "Cyber Monday" total of $887m. And in traditional bricks-and-mortar stores, the story is similar. The National Retail Federation estimated that 212m people hit the shops over the Thanksgiving holiday weekend, 9% more than in 2009, while the average amount spent by each rose from $343 to $365.

http://www.economist.com/blogs/dailychart/2010/12/us_online_retail_spending

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