US online spending climbs

May 09, 2012
A person browses through ebooks on an Apple iPad. US online spending in the first three months of this year surged with a little help from shoppers using tablet computers to buy clothing and other items, comScore reported on Wednesday.

US online spending in the first three months of this year surged with a little help from shoppers using tablet computers to buy clothing and other items, comScore reported on Wednesday.

E-commerce sales of $44.28 billion in the quarter were 17 percent higher than in the same period last year, according to the industry tracker.

"The first quarter of this year was especially strong for retail e-commerce as we returned to year-over-year growth rates in the high teens, numbers we haven't seen since 2007,"said comScore chairman Gian Fulgoni.

"While the continues to be painfully slow, the channel shift to e-commerce appears to be accelerating."

Hot categories for online shopping included consumer electronics, jewelry, watches, event tickets, and such as films, music or software, according to comScore.

The online retail survey indicated that 38 percent of US owners have used the devices to shop online in the past month with apparel being the most common purchase.

Explore further: Smart Spending: Why investors are applauding Amazon earnings

add to favorites email to friend print save as pdf

Related Stories

US Cyber Monday spending hits new high

Nov 30, 2011

US online shopping hit a record high on Cyber Monday with people racking up $1.25 billion worth of purchases on the Internet, according to comScore.

Holiday shopping online rockets in US

Dec 28, 2011

US consumers turned in record levels to the Internet for holiday shopping this year, further boosting online sellers' share of the huge national retail pie.

Recommended for you

Airbnb to expand tax collection efforts

7 hours ago

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

8 hours ago

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

15 hours ago

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

Amazon surprises with profit despite fierce spending

Jan 29, 2015

Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for pouring money into projects such as original video programs and delivery drones.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.