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Holiday Spending To Be ‘Highest On Record’
CNet is reporting that according to ComScore, consumers spent $9.01 billion during the first three weeks of November, representing a 13 percent gain over the $7.95 billion spent during the same period last year.
For the months of November and December combined, ComScore is forecasting $32.4 billion in online spending. Last year, consumers spent $29.1 billion during that two-month holiday shopping period. ComScore also said that from January through October, online consumers spent $109.9 billion, representing a 9 percent gain over the $100.7 billion they spent during the same period last year.
Free shipping is also quite important to online shoppers. ComScore found that 44 percent of respondents “actively seek out free shipping deals,” while 33 percent of folks said that they “won’t make a purchase” without free shipping.
Photo by pikipimp.com.
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Andy @ FirstFound on November 29th, 2010 8:15 am
I’d be intrigued to see online spending as a percentage of overall spend. Does it reflect a trend (we’re spending more than in the lean years of 2009 and 2008), or are more people just choosing to spend more of their cash online?
rohit on December 5th, 2010 7:31 pm
People never think for the future and spend mindlessly.Some people only spend whatever they earn. When they trapped in cash crunch they realize it. In the festive season these trend goes up without limit.People can’t resist themselves.
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