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.

Kurt Peters

Executive Editor

 

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.

 

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