58.5 F
Clarksville
Saturday, January 28, 2023
HomeNewsU.S. Online Holiday Spending Approaches $22 Billion for the Season, Up 12...

U.S. Online Holiday Spending Approaches $22 Billion for the Season, Up 12 Percent vs. Year Ago

‘Green Monday’ (December 13th) Among Candidates for Heaviest Online Spending Day of the Year

comScore Reston, VA – comScore a leader in measuring the digital world, today reported holiday season retail e-commerce spending for the first 40 days of the November – December 2010 holiday season. For the holiday season-to-date, more than $21.95 billion has been spent online, marking a 12-percent increase versus the corresponding days last year.

The most recent week (week ending December 10th) reached $5.15 billion in spending, an increase of 11 percent versus the corresponding week last year, as two individual days each surpassed $900 million.

2010 Holiday Season vs. 2009 Holiday Season

   


2010 Holiday Season To Date vs. Corresponding Days* in 2009

Non-Travel (Retail) Spending
Excludes Auctions and Large Corporate Purchases
Total U.S. – Home/Work/University Locations
Source: comScore, Inc.

 
 


Millions ($)

 


2009


2010


Percent Change

 

November 1 –  December 10th

$19,685

$21,951

12%

 

Thanksgiving Day (Nov. 25th)

$318

$407

28%

 

Black Friday (Nov. 26th)

$595

$648

9%

 

Cyber Monday (Nov. 29th)

$887

$1,028

16%

 

Week Ending Dec. 10th (Dec. 4th-10th)

$4,644

$5,149

11%

 


*Corresponding days based on corresponding shopping days (November 2nd thru December 11th, 2009)

 
       

“Growth rates during the most recent week settled in at around 11 percent, which is consistent with our forecasted spending growth rate for the holiday season,” said comScore chairman Gian Fulgoni. “With more than $5 billion in spending this past week, it’s clear that while deal-seeking shoppers may have driven stronger than anticipated spending early in the season, Americans continue to demonstrate a significantly greater willingness to spend online this year than in seasons past. This coming week, beginning with Green Monday, should see some of the heaviest online shopping activity of the season and we expect at least one more day to surpass the billion dollar spending threshold.”

“Green Monday” Leads the Way for Online Holiday Shopping

In 2007, eBay coined the term “Green Monday” to describe the Monday occurring around the second week of December, which has tended to be the heaviest (or among the heaviest) online spending days of the year. An analysis of the past five holiday shopping seasons reveals that “Green Monday” has had very high spending levels each year, ranking as the top spending day of the season on two occasions (2005 and 2007), and the second heaviest spending day on two other occasions (2006 and 2008). In 2009, “Green Monday” was only the fifth heaviest day of the season, with the following Tuesday, December 15th ranking as the heaviest with $913 in spending.

   


“Green Monday” U.S. Online Spending: 2005-2009

Non-Travel (Retail) Spending

Excludes Auctions and Large Corporate Purchases

Total U.S. – Home/Work/University Locations

Source: comScore, Inc.

 


Year


Date


Spending


Rank for Season

 

2005

Monday, December 12th

$556

1

 

2006

Monday, December 11th

$661

2

 

2007

Monday, December 10th

$881

1

 

2008

Monday, December 15th

$859

2

 

2009

Monday, December 14th

$854

5

 
   
       

“We anticipate that Green Monday this year will be another strong day for online buying, leading off what will be the heaviest spending week of the season,” added Mr. Fulgoni. “However, with Free Shipping Day occurring on Friday, December 17th, it is likely that buying will get distributed more evenly across the week rather than concentrated so heavily in the early days of the week. As a result, several days in the upcoming week are candidates to the heaviest online spending day of the year. It’s also apparent that as consumers become more confident in the reliability of expedited shipping that they are willing to buy online later in the season”

Ten Heaviest Online Spending Days on Record

Since comScore began tracking e-commerce spending in 2001, it has witnessed five individual shopping days eclipse $900 million in spending. To date, Cyber Monday 2010 (Nov. 29) is the only billion dollar spending day on record, followed by Monday, December 6th, 2010 with $943 million and Tuesday, December 15, 2009 with $913 million. Tuesday, November 30th, 2010 ($911 million) and Wednesday, December 8th, 2010 ($901 million) round out the top five. Of the ten heaviest online spending days on record, most have occurred during the early part of the work week with four occurring on Mondays, three on Tuesdays, and two on Wednesdays.

   


Ten Heaviest U.S. Online Retail Spending Days on Record (thru Dec. 11, 2009)

Non-Travel (Retail) Spending

Excludes Auctions and Large Corporate Purchases

Total U.S. – Home/Work/University Locations

Source: comScore, Inc.

 
 


Date


Spending in Millions ($)

 

1

Monday, Nov. 29th, 2010 (Cyber Monday)

$1,028

 

2

Monday, Dec. 6th, 2010

$943

 

3

Tuesday, Dec. 15th, 2009

$913

 

4

Tuesday, Nov. 30th, 2010

$911

 

5

Wednesday, Dec. 8th, 2010

$901

 

6

Thursday, Dec. 9th, 2010

$898

 

7

Wednesday, Dec. 9th, 2008

$887

 

8

Monday, Nov. 30th, 2009 (Cyber Monday)

$887

 

9

Tuesday, Dec. 1st, 2009

$886

 

10

Monday, Dec. 10th, 2007 (Green Monday)

$881

 
   
     

About comScore

comScore, Inc. (Nasdaq: SCOR) is a global leader in measuring the digital world and preferred source of digital business analytics. For more information, please visit www.comscore.com/companyinfo.

Web Site: www.comscore.com

RELATED ARTICLES

Latest Articles