March 6, 2006, 12:00 AM

Online spending up 11% for week ending Feb. 12

Online retail sales were up 11% in the sixth week of the year over a year ago, reaching $1.74 billion for the week ending Feb. 12 from $1.56 billion a year earlier, comScore Networks Inc. reports.

Kurt Peters

Executive Editor

 

The torrid pace of 2006’s online spending growth has cooled in the past couple of weeks, with online sales up 11% in the sixth week of the year over a year ago, reaching $1.74 billion for the week ending Feb. 12 from $1.56 billion a year earlier, comScore Networks Inc. reports. Online spending grew at 30%+ in the first three weeks of the year, 23% in the fourth week and 17% in the fifth week.

By comparison, ShopperTrak’s National Retail Sales Estimate reports that total retail sales grew a 5.5% for the week ending Feb. 11 compared to the comparable week a year ago.

Online travel sales for the week ending Feb. 12 reached $1.29 billion, up 14% from $1.13 billion in the corresponding week a year ago, comScore reports.

ComScore executive John Miniati, is speaking at the Internet Retailer Conference & Exhibition June 5-7 in Chicago on Who`s Online and How Do You Reach Them?

 

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