Online retail spending gets another big boost
Online retail sales for the week ending Oct. 3 shot up 61% from the corresponding week a year ago following a 53% increase the week before, comScore Networks Inc. reports. Online retail sales for the week reached $1.46 billion from $908 million.
Strong sales the past two weeks did not prevent the third quarter, however, from notching a continued slowdown in the growth rate of online sales this year. Q1 online sales were up 26% from the same quarter a year ago, Q2 sales were up 24% and Q3 sales were up 19%. Q3 online sales totaled $15.7 billion vs. $13.1 billion a year ago.
Sales in the first three quarters of the year are up 23.1% to $42.7 billion from $34.6 billion a year ago, according to comScore numbers.
Total retail sales for the week ending Oct. 2 were up 2.8% from the corresponding week a year ago, according to ShopperTrak’s National Retail Sales Estimate.
Online travel sales the week ending Oct. 3 were up 31% to $1.22 billion from $929 million in the corresponding week a year ago, comScore reports.
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