US online spending rises 15% nearing year's end

Cyber Monday was launched in 2005 by a US national retail association to bring online shopping into the mainstream
US online shopping rose 15 percent from November 1 to December 9 compared to the same period last year, according to industry tracker comScore.

US online shopping rose 15 percent from November 1 to December 9 compared to the same period last year, according to industry tracker comScore.

Spending reached $24.6 billion in the five-and-a-half weeks, compared to $21.4 billion in the same period of 2010, it said.

The rise in sales was boosted by the record "Cyber Monday" spending at the end of November of some $1.25 billion in a single day, with retailers attracting online buyers with .

Sales at US e-commerce sites topped last year's Cyber Monday figures by 22 percent, the industry tracker reported.

was launched in 2005 by a US national retail association to bring online into the mainstream.

(c) 2011 AFP

Citation: US online spending rises 15% nearing year's end (2011, December 12) retrieved 19 April 2024 from https://phys.org/news/2011-12-online-nearing-year.html
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