$102.1 billion spend online last year

Posted on Sunday, Jan 07 2007 @ 11:03 CET by Thomas De Maesschalck
In 2006 U.S. online retail sales accounted for $102.1 billion, which is 24 percent more than in 2005.
Holiday shoppers spent $24.6 billion between Nov. 1 and Dec. 31, 2006, a rise of 26% over 2005, according to the report from comScore Networks Inc. The numbers include consumer spending in all sectors except travel.

Spending jumped in the last two months of the year, pushing the total over $100 billion for the first time, said Gian Fulgoni, chairman of comScore.

Without the need to visit shops in person, online shoppers spread their spending over a longer period. The Monday after Thanksgiving is traditionally one of the heaviest shopping days of the year for U.S. retailers, but in 2006 it was just another day. The $607.6 million spent on "Cyber Monday," Nov. 27, was surpassed on 11 other days before the end of the year.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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