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December 31, 2007

Online Spending Up 19 Percent

Americans spent more than $27.9 billion in online sales this holiday season, a 19 percent increase compared to 2006, according to a study conducted by online information provider comScore Inc.

The study defined the holiday shopping season as Nov. 1 through Dec. 27. In the same period last year, Americans spent $23.56 billion online.

The busiest period of the holiday season, from Thanksgiving to Christmas Eve, saw a 21 percent bump in online sales, from $14.82 billion last year to $17.98 billion this year.

In 2007, the day after Christmas saw online sales of $545 million, more than twice the amount spent in 2006, the report found.

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