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.
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.
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