Online shopping
US online spending on 22 November rose 29 per cent to $272m

Online Thanksgiving spend soars in the US

'Cyber Monday' expected to be even stronger than 'Black Friday'

Written by Clement James

Online retail spending in the US outpaced the seasonal rate as consumers flocked to the internet ahead of Thanksgiving weekend.

E-commerce spending on 22 November was up 29 per cent to $272m, while 23 November, so-called Black Friday, saw a rise of 22 per cent to $531m, outpacing the season-to-date growth rate.

Advertisement

Figures from comScore suggest that more than $9.3bn has been spent online during the season to-date, marking a 17 per cent gain on the corresponding days last year.

"The Friday after Thanksgiving is known for heavy spending in retail stores, but consumers are increasingly turning to the internet to make their holiday purchases," said comScore chairman Gian Fulgoni.

"Online spending on Black Friday has historically represented an early indicator of how the rest of the season will shake out, and the 22 per cent growth rate should be seen as a sign of positive momentum."

Online retailers will also be paying close attention to what happens on 26 November, so-called Cyber Monday, which should provide an even clearer indication for the rest of the season.

"Based on the growth rates so far this season, and historical consumer behaviour patterns, we would expect Cyber Monday sales to be even stronger than Black Friday's and to exceed $700m," said Fulgoni.

"While this would make it the heaviest online shopping day on record, we can expect to see even stronger days ahead as the 2007 shopping season progresses into December."

The hottest category continues to be 'video games, consoles and accessories', which is up 134 per cent on the corresponding days last year, according to comScore.

Sales of Nintendo's Wii and Sony's PlayStation 3, along with the hugely popular Halo 3, continue to drive growth in this category.

The 'furniture, appliances and equipment' category grew 36 per cent, while 'consumer electronics' rose 21 per cent and 'sport and fitness' demonstrated above average growth.

'Apparel and accessories' is now growing in line with the overall trend following a soft start to the season when warm weather dampened winter apparel sales.

Online sales of toys are up just nine per cent for the season to-date, as toy safety concerns appear to weigh down the category.

Tags:

Related whitepapers

Related jobs

Do you agree?

IT white papers

Search vnunet IThound

Top categories

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Watch

Podcast image

28 Nov 2008

12.57 MBComputing podcast - Standard Life's offshoring plans; and the prospects for government IT More...

Shaun Nichols and Iain Thomson

28 Nov 2008

7.11 MBPodcast Special: Views from the Valley More...

Shaun Nichols and Iain Thomson

21 Nov 2008

9.11 MBPodcast Special: Views from the Valley More...

Poll

Microsoft

Unified Communications: Collaboration

Unified Communications: Collaboration

What is the main advantage of using collaboration technologies?

Previous poll results

Spotlight

Sony Ericsson Xperia X1

Review: Sony Ericsson Xperia X1

The first Xperia smartphone bodes well for the future   More...

VMware

VMware View 3 enhances virtual desktops

Virtual clients now take up less storage space and can...  More...

Apple iPhone 3G

Linux lands on the iPhone

Developers put kernel on Apple handset   More...

Data theft

IT staff desperate to keep their jobs

Most would work longer hours for less pay   More...

Primary Navigation