Welcome to WebmasterWorld Guest from 18.206.15.215

Forum Moderators: buckworks

Message Too Old, No Replies

U.S. Consumer Holiday Spending Up 14 pct at $42.3 Billion

     
5:00 pm on Jan 4, 2013 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts:26238
votes: 997


Growing fears of an impending economic crisis in the new year apparently led to weaker-than-expected U.S. online holiday sales results.

Consumers spent $42.3 billion online during the November-December holiday shopping season, a 14 percent increase over 2011, according to data released today by ComScore. While online shopping set some spending records, overall growth was largely flat, the market analyst concluded.

"This year's growth rate is essentially on a par with last year's," ComScore Chairman Gian Fulgoni said in a statement. "But despite many positives for the online sector, this year's season did not quite perform up to our initial expectation for growth rates in excess of 16 percent as we fell a billion dollars short of our expected total of $43.4 billion."

U.S. Consumer Holiday Spending Up 14 pct at $42.3 Billion [news.cnet.com]
12:24 am on Jan 5, 2013 (gmt 0)

Senior Member

WebmasterWorld Senior Member 10+ Year Member

joined:June 25, 2007
posts:1110
votes: 9


Seems like no matter what the holiday spending numbers are, they always somehow manage to spin it into a negative.