E-Commerce Spending Is Booming

AppScout reports that research company ComScore released its Q1 retail e-commerce sales estimates and found that online retail spending neared $34 billion for the quarter, up 10 percent versus a year ago.

That strong acceleration represented the first time growth rates reached double-digits since the second quarter of 2008. The report found that growth was predominately driven by upper-income consumers, with spending among the $100,000+ household income segment up 14 percent. Also, larger online retailers generated higher growth rates than smaller retailers.

Photo by shiyali.

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