Latest updates on Chicago technology and innovation

Online holiday sales soar 14 percent: Report

| No Comments | No TrackBacks

Online holiday sales soared 14 percent from 2011, to $42.3 billion during the November-December period, according to the latest news released minutes ago from online-sales tracker Comscore.

Free shipping day, which fell on Monday, Dec. 17, saw sales skyrocket by 76 percent, to $1.013 billion, and even on Christmas Day, sales jumped 36 percent to $288 million, the report says.

Despite the growth, the 14-percent final tally fell short of Comscore's 16-percent growth forecast. After four weeks of growth, the next three weeks of the November-December holiday season failed to surpass a 12-percent growth rate, Comscore reported.

Shoppers' worries about the economy and Congress' fiscal cliff budget negotiations contributed to the December "swoon," said Comscore Chairman Gian Fulgoni.

No TrackBacks

TrackBack URL:

Leave a comment

About this Entry

This page contains a single entry by Sandra Guy published on January 3, 2013 4:25 PM.

Sun-Times scoops parking tech news was the previous entry in this blog.

Find recent content on the main index or look in the archives to find all content.