February 17, 2003, 12:00 AM

Online retail spending up 30% year-to-year in comScore’s latest report

Online retail spending grew 30% for the week ending Feb. 9, comScore reports. Shoppers spent $930 million online that week vs. $715 million a year ago.

 

Online retail spending grew 30% for the week ending Feb. 9, comScore Networks Inc. reports. Shoppers spent $930 million online that week vs. $175 million for the same week a year ago.

The growth in online spending was part of a trend toward strong retail spending by consumers. ShopperTrak RTC’s National Retailer Sales Estimate reports that total retail spending for that week grew 4%vs. the same week last year. That growth represented the seventh consecutive week of year-over-year growth, “an unusually strong performance for this time of year,” ShopperTrak says.

Online travel spending for that week grew 36% to $743 million from $547 million in the same week a year ago, comScore says.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Will Devlin / E-Commerce

Three simple steps to reducing shopping cart abandonment

Payment options, a shopping cart that holds a customer’s items while she ponders the purchase ...

FPO

Adrien Henni / E-Commerce

eBay and Russian Post accelerate cross-border deliveriies

EBay and Russian Post have signed a memorandum of cooperation aimed at reducing the time ...

Advertisement