Feb 9, 2010
  • Research and Analysis on Digital Marketing and Media
  • Objective Analysis of Internet Market Trends
  • Data from Over 4,000 Worldwide Sources


Print  |  E-Mail  |  RSS  |  More Articles   

The Holiday Season Breaks Records Again and Again

DECEMBER 20, 2006

The crashing you hear is good news for online retailers.

FBLI
Share

First, the one-day record for US online retail sales was set on Cyber Monday 2006, November 27, when sales reached $608 million.

According to comScore Networks, a mere one week later, on Monday, December 4, a new single-day spending record was established as consumers spent $647 million online — $39 million more than the total spent on Cyber Monday.

But, as the old come-on says, "You ain't seen nothin' yet!"

On Monday, December 11, consumers spent $661 million, breaking the record for a third time this year.

And only two days later, on Wednesday, December 13, the record was broken again, with $667 million spent online in a single day.

Record-Setting Days for Holiday Season Retail E-Commerce (excluding travel) in the US, November-December 2006 (millions)

Commenting on the record-setting pace, Gian Fulgoni, chairman of comScore Networks, said, "This demonstrates consumers' willingness to rely on retailers' late-season shipping guarantees."

comScore estimates that US consumer retail (non-travel) online spending for the 2006 holiday season through December 15 — the first 45 days of the holiday season — reached over $19 billion, marking a 25% increase vs. the corresponding days in 2005.

Holiday Season Retail E-Commerce (excluding travel) in the US, November 1-December 15, 2005 & November 1-December 12, 2006 (billions and % increase vs. prior year)

"Later shipping deadlines this season and the fact that many consumers received a paycheck on December 15 could keep online sales in full swing early next week," said Mr. Fulgoni.

To see how reality is stacking up vs. the pre-season predictions, read eMarketer's Online Holiday Shopping Preview report. 

Get more articles like this one delivered every day.
Click here for the eMarketer Daily newsletter.

Access More Articles Read More Articles     Email Article E-Mail This Article     Print Article Print
Subscribe to RSS Feed RSS Feed     Share
Add eMarketer to your Google Toolbar Add eMarketer to Google Toolbar
eMarketer Total Access Subscription
See how leading marketers use eMarketer to develop successful new digital marketing and media strategies. Get Total Access.

Advertisement

Advertisement

Follow eMarketer on Twitter