January 5, 2004, 12:00 AM

Consumers were in a spending mood--online and offline--as the year ended

ComScore Media Metrix reports online retail spending grew 24% for the week ending Dec. 29. ShopperTrak’s National Retail Sales Estimate reports that total consumer retail spending was up 24.6% for the week ending Dec. 27 vs. the same week a year ago.

 

Consumers were in a spending mood at the end of the year, both online and offline. ComScore Media Metrix reports that online retail spending grew 24% for the week ending Dec. 29, which included post-Christmas shopping, reaching $890 million from $719 million in the corresponding week a year ago.

ShopperTrak’s National Retail Sales Estimate reports that total consumer retail spending was up 24.6% for the week ending Dec. 27 vs. the same week a year ago. ShopperTrak noted that the week of Christmas provided consumers one more shopping day than they had in 2002.

ShoppperTrak also reported that December total retail sales will be up 6% over December last year. On top of a 5% rise in November, 2003’s Christmas shopping season exhibited the most growth since 1999, ShopperTrak says.

ComScore reports that online retail spending for the last two months of 2003 reached $12.5 billion, up 29.5% from $9.7 billion in November and December 2002.

ComScore’s preliminary numbers shows that full-year online retail spending reached $52 billion, up 22% from $43 billion in 2002.

Online travel spending for the week ending Dec. 29 reached $541 million, up 65% from $328 million in the same week a year ago. For the year, online travel spending reached $41 billion up 37% from $30 billion in 2002.

 

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