Verizon’s $4.83 billion purchase price for Yahoo includes the former Yahoo Small Business division, which is now called Aabaco Small Business.
Online retail spending last week reached $2 billion, 26% higher than the $1.6 billion in the corresponding week a year ago, comScore Networks Inc. reports, and the first time that weekly online sales exceeded $2 billion.
Online retail spending last week reached $2 billion, 26% higher than the $1.6 billion in the corresponding week a year ago, comScore Networks Inc. reports. It’s the eighth consecutive week of 20% year-over-year growth, comScore says. By contrast, total retail sales last week fell 3.3% from a year ago as a result of the snowstorm in the East, reports ShopperTrak’s National Retail Sales Estimate.
The snowstorm was beneficial to online sales, comScore says, reporting that retail sales were up 40% on Saturday and Sunday vs. the same weekend a year ago.
Since the beginning of November, which comScore counts as the start of the holiday shopping season, consumers have spent $7.3 billion in online retail shopping, 29% higher than a year ago. ComScore is projecting total November and December online sales of $12.1 billion to $12.6 billion, a 25-30% increase over a year ago.