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

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

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.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Where Cloud Spending Might Grow in 2021 and Post-Pandemic
Joao-Pierre S. Ruth, Senior Writer,  11/19/2020
Slideshows
The Ever-Expanding List of C-Level Technology Positions
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/10/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
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.
Sponsored Video
Flash Poll