TweakTown
Tech content trusted by users in North America and around the world
5,999 Reviews & Articles | 38,731 News Posts
TRENDING NOW: Intel's Core i7-5960X CPU has already been overclocked to 6.2GHz

Online holiday spending estimated to reach $43.4 billion this year

Online holiday shopping to be huge this year, estimated to reach $43.4 billion

| Business, Financial & Legal News | Posted: Nov 22, 2012 8:35 am

According to comScore's latest estimates, consumers are to spend $43.4 billion on web-based shopping during November and December. This would mark an increase of 17% year-over-year for the same two-month period of 2011.

 

TweakTown image news/2/6/26891_06_online_holiday_spending_estimated_to_reach_43_4_billion_this_year.jpg

 

2011's online spending was around 15% higher than it was in 2010, showing that it has increased year-on-year for a while now. This year's forecast is actually much higher than the industry's overall retail expectation, which expects a 4.1% rise in consumer spending during the 2012 holiday season.

 

Considering the US going through a huge recession, natural disasters, and a very uncertain economic future, consumers shopping online has actually increased. ComScore chairman, Gian Fulgoni, has said that if the estimates are true, it would be a great finale to a great year for retail e-commerce. Fulgoni has an optimistic outlook on the season based on the strong lead-up to the 32 shopping days between Thanksgiving and Christmas.

NEWS SOURCES:Techspot.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases