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1/4/2007

E-Commerce Spending Off The Charts

01/4/2007 | Filed under: Latest eBusiness News, Online Marketing, Breaking News — site admin @ 1:45 am

American consumers bought into e-commerce in a big way during 2006, as online retail spending eclipsed $100 billion for the first time.

Spending at U.S. online non-travel sites reached $102.1 billion, marking a 24-percent increase versus 2005, according to comScore Networks.

Much of that growth is due to a record-breaking holiday season that began with a Black Friday boom and a huge Cyber Monday.

Twelve days during November and December surpassed the $600 million mark in 2006. In comparison, just six days in 2005 reached $500 million in online sales.