Feeds

US goes on Xmas e-spending orgy

Santa blows $23.2bn online

  • alert
  • submit to reddit

3 Big data security analytics techniques

According to the holiday e-spending report from Goldman Sachs, Harris Interactive and Nielsen//NetRatings, US online consumers blew $23.2bn in the run-up to Christmas - a rise of 25 per cent from a year ago. Most of the cash went on clothing, toys, video games and consumer electronics, while items like jewellery, flowers and computer gear made big gains.

"Online shopping contributed significantly to overall 2004 holiday sales by attracting consumers through a broad product selection," said Heather Dougherty, senior retail analyst, Nielsen//NetRatings. "Consumers have become accustomed to purchasing online over the years and look to the internet to find comprehensive product information, competitive prices and easy gift delivery, allowing them to have more time to spend on other holiday activities."

The report said that US online consumers spent some $3.8bn on clothing and $2.5bn on toys and games. Some $2.3bn was spent on consumer electronics during the 1 November to 26 December period.

Meanwhile, US online consumers spent $1.9bn on jewellery, or 113 per cent more than a year ago. Online sales of flowers were up 59 per cent to $530m, while internet sales of computer equipment grew by 30 per cent to $2.1bn.

The Nielsen survey also revealed that about 30 pe rcent of US e-shoppers felt this year's online shopping experience was better than last year's. Over a third said that they headed to the web for Christmas shopping in order to avoid the crowds, while an additional 36 per cent claimed that the web offers better prices than the high street.

Other reports released in the days after Christmas have also shown big rises in online spending, although there is dispute over how much was actually spent. ComScore Networks said that this year's sales were up 29 per cent, but said that sales reached only $14.8bn in the near-two-month period.

"The late surge in consumer spending that was widely observed at offline retail outlets came to benefit online retailers in an unprecedented way," commented Dan Hess, senior vice president, comScore Networks, referring to the surge in consumer spending just days before Christmas, benefiting firms like Wal-Mart and K-Mart. "This trend shift has boosted the holiday season to become one of the strongest on record."

© ENN

Related stories

Amazon thanks Santa for shopping record
Online stores 'pricing out' high street retailers
M&S site falls over
Hate the Band Aid single? Click here

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.