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Online holiday sales soar 14 percent: Report

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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.

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

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