In its second-largest acquisition, Amazon buys the company for $970 million.
Online sales were up 31% in the third week of the year over a year ago, reaching $1.82 billion from $1.38 billion a year earlier, comScore Networks Inc. reports.
Consumer online retail spending growth continued its hot growth during the third week in January, when online sales were up 31% over the corresponding week a year ago, comScore Networks Inc. reports. Sales reached $1.82 billion for the week ending Jan. 22 from $1.38 billion a year earlier. Online sales the previous week were up 33% over the corresponding week a year earlier, and 35% the week before that, comScore reported.
By comparison, ShopperTrak’s National Retail Sales Estimate reports that total retail sales grew 10.4% for the week ending Jan. 21 compared to the comparable week a year ago. ShopperTrak says the strong growth reflected a week of weak sales a year when a blizzard hits parts of the Midwest and the Northeast.
Online travel sales for the week ending Jan. 22 reached $1.13 billion, up 12% from $1 billion in the corresponding week a year ago, comScore reports.