Feeds

Online spending declines after Xmas shock

Mmmmmmmmmm

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Online spending in the US fell by half in January compared to December, according to the latest stats from the National Retail Federation (NRF) and Forrester Research.

The survey concludes that total spending on online sales decreased from $6.1 billion in December to just $3 billion in January.

Toys and video games experienced the largest decrease, falling from nearly $600 million in December to a measly $125 million in January.

Food and beverages, flowers, jewellery, and clothes also experienced significant declines.

This really got researchers thinking until one bright spark realised that retail spending usually declines immediately after Christmas.

Said James L McQuivey, research director at Forrester: "The 50 per cent decline in online consumer spending in January is exactly what we would expect of the post-holiday season - not a reflection of how consumers feel about shopping on the Internet." ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.