February 4, 2003, 12:00 AM

Online spending returns to double-digit growth

For the week ending Jan. 26, consumers spent $965 million at e-retail sites, 25% more than the same week a year ago, comScore Networks reports. Online travel spending was up 54% vs. year ago.

 

Online spending returned to double-digit growth rates at the end of January, after growing in the single digits earlier in the month, comScore Networks Inc. reports.

For the week ending Jan. 26, consumers spent $965 million at e-retail sites, 25% more than the same week a year ago, comScore says. The spending rate was 40% over the average $702 million per week for the first two weeks of the year.

Total retail spending for the week grew 4.9% over year-earlier levels, reports Shopper Trak’s National Retail Sales Estimate.

Consumers spent $734 million in online travel arrangements that week, 54% more than they spent in the same week a year ago, comScore reports.

 

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