Skip to main content

Holiday E-Commerce Reached $24.6 Billion

comScore Networks released their report on consumer online retail spending at U.S. sites during 2006, including the holiday season -- from November 1, 2006 to December 31, 2006.

For the full year 2006, online retail spending reached a record $102.1 billion, marking a 24 percent increase versus 2005. Online holiday e-commerce accounted for $24.6 billion, up 26 percent versus last year.

"2006 was certainly an exceptional year for online retailers as e-commerce spending eclipsed $100 billion for the first time, and growth remained very strong with a 24 percent increase versus last year," said Gian Fulgoni, chairman of comScore Networks.

"The online holiday shopping season of course played a vital role in the year's success, as spending accelerated during the final two months of the year, helping push total online retail spending over the $100 billion threshold."

Online retail spending saw several strong individual spending days during 2006, with 12 days during the November/December holiday season surpassing the $600 million mark. In comparison, just six days in 2005 reached $500 million in online sales, with the top day registering $556 million (Monday, December 12, 2005).

Wednesday, December 13 marked the heaviest online spending day of 2006 with $667 million spent, followed by Monday, December 11 ($661 million) and Monday, December 4 ($648 million). Monday, November 27 -- "Cyber Monday" -- was surpassed 11 times during the subsequent weeks of the holiday season.

Popular posts from this blog

Why GenAI Investment will Double in 2024

In 2024, every business can be a technology-driven business. The quest for business technology leadership skills, and digital transformation, will gain new momentum as more organizations seek ways to drive net-new digital growth. Large enterprises will invest more than $19.4 billion worldwide in Generative Artificial Intelligence (GenAI) solutions in 2023, according to the latest market study by International Data Corporation (IDC). This spending, which includes GenAI software as well as related infrastructure hardware and IT or business services, is expected to more than double in 2024 and reach $151.1 billion in 2027 -- that's with a compound annual growth rate (CAGR) of 86.1 percent over the 2023-2027 forecast period. Artificial Intelligence Market Development Despite the recent IT headwinds in 2023, business leaders accelerated their exploration of GenAI solutions to help boost their digital business transformation. "In 2024, the shift to AI everywhere will enter a critic