Sunday, Aug 24, 2014Sunday, Aug 24, 2014
 

US holiday season online spending climbs

Published on Jan 4, 2013 7:34 AM
 
A woman shops for wine on Amazon's Internet site on Nov 8, 2012 in Washington, DC. Industry tracker comScore on Thursday reported that United States (US) shoppers spent a total of US$42.3 billion (S$52 billion) online during the year-end holiday season - a 14 per cent jump from the same period in 2011. -- PHOTO: AFP

SAN FRANCISCO (AFP) - Industry tracker comScore on Thursday reported that United States (US) shoppers spent a total of US$42.3 billion (S$52 billion) online during the year-end holiday season - a 14 per cent jump from the same period in 2011.

"The 2012 online holiday season was once again a very strong season with growth rates in the mid-teens as we reached record-setting spending levels," said comScore chairman Gian Fulgoni.

US e-commerce started out "at a very healthy" rate in November but consumers quickly eased back on spending, apparently due to concerns that Congress would fail to make a budget deal averting a "fiscal cliff".

"You might say that had it not been for Congress, every other indicator suggested it would have been an even merrier Christmas for online retailers," Mr Fulgoni said.

 
If you are not a subscriber, you can get instant, unlimited access here