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.

 

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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