Ronald Boire, CEO of Sears Canada, will take the top post at the bookseller in September, and current CEO Michael Huseby will become executive ...
Online retail spending continued its re-ignited growth at the end of July, with online sales growing 40% for the week ending July 27 vs. the corresponding week a year ago, comScore reports.
Online retail spending continued its re-ignited growth at the end of July, with online sales growing 40% to $947 million for the week ending July 27 from $674 million for the corresponding week a year ago, comScore Networks Inc.’s Media Metrix division reports. The 40% growth represents a steady re-acceleration of growth since the start of the second half. In the first half, retail sales totaled $22.7 billion, up 15% from the first half of 2002, comScore reports. Throughout July, weekly sales growth never fell below 25%.
Online sales growth reflects strong overall retail sales growth of 5.6% for the week ending July 26 vs. the same week a year ago, according to ShopperTrak’s National Retail Sales Estimate. It was the 13th consecutive week of year-over-year growth, ShopperTrak reports. Just as online sales are accelerating, so are total sales, ShoppperTrak says. The average year-over-year growth for the first 29 weeks of the year was 2.5%, while the average of the last three weeks was 5.7%.
Online travel sales also grew strongly, up 29% to $980 million from $760 million the same week a year ago. First half travel sales were up 34% vs. a year ago to $19.7 billion, comScore reports.