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Holiday Web Shopping Hits $20.65 Billion
Holiday online spending reached $20.65 billion in the U.S. as of Monday night, a 25 percent rise over 2005, according to data released Wednesday from comScore Networks.
Shoppers spent more than $643 million last weekend, 34 percent higher than the corresponding weekend last year, the Reston, Va.-based research group reported.
“The strategy of luring holiday shopping procrastinators with extended shipping guarantees paid off handsomely for online retailers,” Gian Fulgoni, chairman of comScore Networks, said in a statement.
ComScore raised its forecast for total spending this holiday season by $300 million to $24.6 billion.
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