August 17, 2004, 12:00 AM

Online retail sales go flat for week ending Aug. 1, comScore reports

Online retail sales for the week ending Aug. 1 showed no growth over the corresponding week a year earlier, reports comScore Networks Inc.

Online retail sales for the week ending Aug. 1 showed no growth over the corresponding week a year earlier, reports comScore Networks Inc. It was the third week this year in which online retail sales showed no or virtually no growth over a year earlier. Online sales amounted to $1.044 billion vs. $1.047 billion a year earlier. Online sales so far this year are up 22% over last year. The weeks ending May 30 and July 11 also showed no growth.

ComScore says the flatness was due to softness in the market for computers/peripherals/PDAs, which had grown strongly in the second quarter. “Since the category accounts for a large percentage of non-travel dollar sales, it has a substantial impact on the growth rates,” comScore says.

In addition, comScore says it is possible that the above average travel spending for the week ending Aug. 1-up 40% online to $1.12 billion from $802 million a year earlier-contributed to the softness in retail spending.

Total retail sales for the week ending July 31 were up 5% from the corresponding week a year ago, according to ShopperTrak’s National Retail Sales Estimate.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Shmuli Goldberg / E-Commerce

Five tips for winning Amazon's Buy Box during the holiday season

Negative deliveries and bad feedback will keep you from the coveted spot on Amazon.com. On ...

FPO

Jochen Moll / B2B E-Commerce

Grasping the global dimensions of B2B e-commerce

To successfully sell online to businesses around the world suppliers must get a lot of ...

Advertisement