The Reston, Virginia-based company said US$8.2 billion (S$12.4 billion) was spent online during the first 23 days of November, four per cent less than during the same period last year, when US$8.5 billion was spent online.

ComScore forecast that online retail spending for the November-December holiday period will be flat versus year ago, significantly lower than last year's growth rate of 19 per cent.

Comcast said it expected e-commerce spending of US$29.2 billion during the period, the same as last year.

'Despite the recent reprieve that plummeting gas prices have given American consumers, the depressed and volatile stock market, declining housing prices, inflation and the weak job market all represent dark clouds hanging over their heads this holiday shopping season,' said comScore chairman Gian Fulgoni.

'With consumer confidence low and disposable income tight, the first weeks of November have been very disappointing, with online retail spending declining versus year ago,' he added.

Online retail spending during the January-October period grew by nine per cent over the same period last year to US$102.1 billion. -- AFP