Festive sales go through roof

Daily Newsletters

Sign up to ZDNet UK's daily newsletter.

NEWS
If there's a spring in Santa's step this year, it's thanks to the Internet.

Even as a Commerce Department report put coal in the nation's economic stocking by showing a 3.1 percent month-over-month decrease in orders for durable goods for the month of November, two market-research firms and e-tailing giant Amazon.com confirmed earlier data suggesting it was a record year for online holiday sales.

Amazon called this its busiest holiday season yet and reported selling 2.1 million items in a single day -- or 24 units per second -- though it declined to say which day. The company considers the holiday season the period between 1 November and 25 December.

Amazon and 10 e-tailers with major brick-and-mortar components were found in earlier studies to have attracted record traffic this season, and to have performed sluggishly as a result.

Other research pointed to 2003 as the busiest holiday yet for online sellers. Excluding travel purchases, shoppers spent $13bn (£7.32bn) this holiday season, according to an "eSpending" survey by Goldman Sachs, Harris Interactive and Nielsen/NetRatings. That's up 46 percent over last year's total.

In the second week of December alone, shoppers spent $2.95bn, up 48 percent from the same week last year, according to that study.

The eSpending report examined the period between 1 November and 12 December. For the months of November and December, ComScore Networks had a somewhat more modest estimate, with online sales minus travel and auctions projected to total between $12.1bn and $12.6bn -- a 25 percent to 30 percent jump from last year's $9.7bn total.

Spending for the week ending 21 December, minus travel and auctions, reached $1.65bn, up 31 percent from the same week a year ago, according to ComScore.

"As the season winds to a close, it's clear that this was a very strong one for online retailers," Dan Hess, senior vice president of ComScore, said in a release. "Consumers continue to recognise and exploit the benefits of using the Web in the shopping process."

The eSpending report confirmed ComScore's notion that shoppers were becoming more comfortable spending money online. Fully 62 percent of those shopping online described themselves as satisfied with the experience, up 4 percent from last year, while less than 7 percent were dissatisfied, down 1 percent from 2002.

Amazon attributed the spike in customers to the breadth of its product offering, but allowed that the general virtues of online shopping had something to do with it.

"We do think it's that people like the convenience of shopping online," said Amazon representative Chris Bruzzo. "They like the idea of one-stop shopping."

Post your comment

In order to post a comment you need to be registered and logged in.

You can also log in with Facebook. Log in or create your ZDNet UK account below

  • Login

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy. Questions about membership? Find the answers in the Community FAQ

Get ZDNet UK's daily newsletter

Enter your email address to sign up

ZDNet UK Live

Freebies202

Duplicate comments are not made intentionally. Its very good to know that now you are keeping check on this problem because sometimes a commenter...

53 minutes ago by Freebies202 on Microsoft fixes blog comments, speeds up blogs with open source
kevinmchapman

"the very significant number of users" and "many (most) of us" - you have no evidence for these statements. It is a fact that most users are saying...

9 hours ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
Marg Menzies Harrison

Another grammar faux pas is the improper use of "you". When sitting down down in a restaurant, for example, I get cringe when the waitress...

10 hours ago by Marg Menzies Harrison via Facebook on 10 flagrant grammar mistakes that make you look stupid
zdnetukuser

And NOW, folks, for Canonical's next trick... Kubuntu is late. Here's a pencil. Draw your own conclusions. cf.:...

11 hours ago by zdnetukuser on Linux Minterface
Moley

@kevinmchapman. The discussion here reflects the very significant number of users who really do like the traditional menu system and who wish to...

13 hours ago by Moley on A tale of two distros: Ubuntu and Linux Mint
kevinmchapman

Er, no... It is an efficient means of finding the application/file/setting you need in one place. The icons are a simply a fallback for when you...

15 hours ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
TerryRK

Isn't the provision of a text based search an admission by the developers that the mass of icons approach does not work? I don't need to use a...

16 hours ago by TerryRK on A tale of two distros: Ubuntu and Linux Mint
kevinmchapman

"Unity and GNOME 3 both abandon the old text-based cascading menus in favour of a graphical icon-driven system." Point truly missed. Both use a...

16 hours ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
TerryRK

whs001 - Thank you, I'm glad you liked the article. I absolutely agree with you on your first point. I should perhaps have made it clearer that...

16 hours ago by TerryRK on A tale of two distros: Ubuntu and Linux Mint
Dennis Nilsson

If we allow corporate interest to dictate the way our government circumvents due process against foreign entities then we should accept the same...

18 hours ago by Dennis Nilsson via Facebook on ACTA stumbles in Germany
GHar123

I totally dislike pirating of works, I fear that artists will be deterred from creating works if they think that they are going to get ripped off....

19 hours ago by GHar123 on ACTA stumbles in Germany
JCB33

How dare film makers, artists or anybody that invests in creativity stop us pirating their works for free. I want to be able to walk into my local...

1 day ago by JCB33 on ACTA stumbles in Germany
Moley

@GrueMaster. I prefer horses for courses rather than one size fits all. I, and I suspect most other computer users, do not really wish to have...

1 day ago by Moley on A tale of two distros: Ubuntu and Linux Mint
greycynic

The product that scares me every time I have to use it is the Office 2007 version of Excel. The first bug that I found was applying the median...

1 day ago by greycynic on Ten flawed products that derail productivity
GrueMaster

Nice review and very informative. One thing I'd like to add (in reply to whs001's 1st question), the main reason to have the same interface from...

1 day ago by GrueMaster on A tale of two distros: Ubuntu and Linux Mint
Frederick Wrigley

I'be been using Mint 12 since the RC came out, and I am far more happy with the Cinnamon, the Mate, and, yes (with extensions), theGnome 3...

1 day ago by Frederick Wrigley via Facebook on A tale of two distros: Ubuntu and Linux Mint
bdantas

Excellent article. One small correction, though--although a fresh installation of Linux Mint 12 will, indeed, provide the user with a version of...

1 day ago by bdantas on A tale of two distros: Ubuntu and Linux Mint
Alan Ralph

In related news, the ISPs club together to get the members of the Home Affairs Select Committee (ya goofed on that part, ZDNet UK) copies of "The...

1 day ago by Alan Ralph via Facebook on MPs urge ISPs to take down terrorist material
Alan Ralph

In related news, the ISPs club together to get the members of the Home Affairs Select Committee (ya goofed on that part, ZDNet UK) copies of "The...

1 day ago by Alan Ralph via Facebook on MPs urge ISPs to take down terrorist material
Moley

For Gnome 2 die-hards, it is possible to add icons to the bottom panel (or top top panel, if you prefer) which provide the exact Gnome 2...

1 day ago by Moley on A tale of two distros: Ubuntu and Linux Mint