US on­line sales surge 13pc for hol­i­day pe­riod

The Pak Banker - - I Nternational -

NEW YORK: Amer­i­cans clicked up a record 30.8 bil­lion dol­lars in on­line hol­i­day sales in 2010, a jump of 13 per­cent from a year ago, a sur­vey showed. The re­search firm comS­core said hol­i­day sea­son re­tail e-com­merce spend­ing for the 56 days of the Novem­berDe­cem­ber hol­i­day pe­riod had been fu­eled by a late surge in spend­ing-some 2.45 bil­lion dol­lars was spent on­line in the week to De­cem­ber 26, a 17-per­cent jump.

"On­line hol­i­day spend­ing has re­mained strong through Christ­mas and we've al­ready seen the sea­son to­tals eas­ily sur­pass the lev­els of the past few years to set a new record for spend­ing at al­most 31 bil­lion dol­lars," said comS­core chair­man Gian Ful­goni.

"For at least this hol­i­day sea­son, the Amer­i­can con­sumer has been able to shrug off the con­tin­u­ing eco­nomic chal­lenges of high un­em­ploy­ment rates and de­pressed hous­ing prices and spend at a rate that has been slightly stronger than we had ex­pected," he added. -Ap

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