March 1, 2002, 12:00 AM

No fall-off in online shopping growth, BizRate reports

In the week that ended Feb. 23, consumers spent $800 million online, up 34% from the same week last year, when they spent $596 million, BizRate reported today.

Kurt Peters

Executive Editor

 

Growth in online shopping has stayed strong, even after the end of the hoiday shopping season, BizRate.com reports. In the week that ended Feb. 23, consumers spent $800 million online, up 34% from the same week last year, when they spent $596 million, BizRate reported today. Consumers conducted 5.85 million retail buying transactions online, up 27% from the year earlier week, when they conducted 4.59 million. The average ticket was 5% higher, growing to $136.70 from $129.70.

"Holiday 2001 growth of 36% year over year was not just a fluke -- online spending is proving to be sustainable with 34% growth for the week ending Feb. 23," says BizRate.com`s CEO Chuck Davis.

 

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