November 21, 2001, 12:00 AM

Online spending contracts in October, Forrester reports

Consumers spent $2.74 billion at online retail sites in October, down 6% from September’s $2.91 billion. October’s retail spending was 14% below the level of October 2000.

Consumer online retail spending sagged in October compared to September, Forrester Research Inc.’s latest survey of online shopping reveals. Consumers spent $2.74 billion at online retail sites in October, down 6% from September’s $2.91 billion. October’s retail spending was 14% below the level of October 2000.

When travel spending is included in Forrester’s figures, consumers spent $3.6 billion online, down 10% from $4 billion in September. The number of households shopping online fell to 13.7 million from 15.2 million in September.

Forrester attributes the decline to zero-percent financing deals in the offline world, especially for cars.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Deepak Agarwal / E-Commerce

Back-to-school insights from a Top 100 online retailer

It’s the second-largest online shopping season, and one nomorerack.com CEO pays close attention to. Here ...

FPO

Kevin Sterneckert / E-Commerce

The ghost economy: an $800 billion retail data disconnect

A new twist on a classic holiday story that online retailers will relive in the ...

Advertisement