IoT
News
News
10/26/2006
06:29 PM
50%
50%

Online Retail Spending Projected To Top A Record $100 Billion This Year

Total online spending among consumers in 2006 is expected to reach $170 billion, ComScore Networks said. That amount includes travel as well as retail sales.

Online retail spending is expected to top $100 billion this year for the first time, reflecting the Web's emergence as a force behind retail sales growth, a market research firm said Thursday.

Total online spending among consumers in 2006 is expected to reach $170 billion, ComScore Networks said. That amount includes spending on travel, and non-travel, or retail, sales.

"The Web continues flexing its muscle as one of the important drivers of retail sales growth," Gian Fulgoni, chairman of ComScore Networks, said in a statement.

In the third quarter, online retail spending increased 23 percent to $23.1 billion from $18.8 billion the same period last year. Travel spending was up 9 percent to $18.2 billion from $16.8 billion a year ago. Overall spending was up 16 percent to $41.3 billion.

In the retail sector, consumer electronics had the highest growth rate at 43 percent, followed by apparel and accessories, 32 percent; sports and fitness, 29 percent; and computer software, excluding games, 27 percent, ComScore said.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of July 17, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.