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    More Holiday Shopping Goes Online

    in Spotlight



    DATE: 2010-12-27 | By Reuters
    Article Rating:starstarstarstarstar / 1
    Article Views: 1392

    U.S. online shopping climbed by 15.4 percent this holiday season to $36.4 billion, representing a larger share of overall retail sales than it had just a few years ago.

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    Dec 23 (Reuters) - U.S. online shopping rose 15.4 percent to $36.4 billion for the holiday shopping season, a MasterCard Advisors' SpendingPulse report showed on Thursday.

    Online sales registered double-digit growth in six out of seven weeks since Oct. 31, SpendingPulse said.

    "Today eCommerce accounts for a much larger share of overall retail sales compared to a few years ago," SpendingPulse's Michael McNamara said in a statement.

    Gains were led by apparel, where online shopping accounted for 18.8 percent of overall sales in that category, up from 16.9 percent in 2009. Electronics also recorded significant gains, SpendingPulse said.




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