eCommerce to Reach Approximately $170 Billion in 2006
If you're new to Cheap Hosting Directory, you may want to subscribe to our RSS feed. Thanks for visiting!
Reston, Virginia - (Cheap Web Hosting Directory) - August 4, 2006 - According to comScore Networks, e-commerce sales estimates for the first six months of 2006 indicate that total online spending by consumers totaled $80.8 billion, representing a 20.1 percent increase over the same period in 2005. Online non-travel (retail) spending increased by 24.6 percent to $46.1 billion, while travel spending reached $34.7 billion, marking a 14.7 percent gain.
Several retail categories achieved significant growth compared to last year. Office Supplies, the top gaining retail category, saw online spending rise 54 percent, while Computer Software grew 39 percent. Also experiencing strong gains in the first half of 2006 were Sport and Fitness (up 38 percent), Home and Garden (up 36 percent), and Toys and Hobbies (up 33 percent).
Total online spending is estimated to reach approximately $170 Billion in 2006. Overall, comScore forecasts that total online spending in 2006 will reach approximately $170 billion. Of that total, comScore estimates that non-travel e-commerce spending will hit approximately $102 billion in 2006, breaking the $100 billion threshold for the first time. Approximately $24 billion is expected to be spent on non-travel during the 2006 holiday season (November 1st - December 31st).
Gian Fulgoni, Chairman and Co-Founder of comScore Networks explained, ”Despite the sluggishness of retail growth in general, online consumer spending remains strong. Growth in non-travel online spending continues at a rate of 25 percent year-over-year, which suggests that consumers’ online purchase behavior has been relatively unaffected by the general economic trends. This news certainly bodes well for online retailers for the upcoming holiday season, with online consumer spending expected to reach $24 billion in the November through December period.”
comScore Networks measures the digital age with a global cross-section of more than 2 million consumers that allo comScore to confidentially capture browsing and transaction behavior, including online and offline purchasing. comScore panelists also participate in survey research that captures and integrates attitudes and intentions. Through its proprietary technology, comScore measures across a broad spectrum of behavior and attitudes. comScore consultants apply the knowledge of customers and competitors to help clients design powerful marketing strategies and tactics that endeavor to deliver superior ROI. comScore services are used by global firms such as AOL, Microsoft, Yahoo!, Verizon, Best Buy, The Newspaper Association of America, Tribune Interactive, ESPN, Fox Sports, Nestle, MBNA, Universal McCann, the United States Postal Service, Merck and Expedia.
To learn more, please visit: www.comscore.com.
Related Posts
- E-Commerce Business Reaches $95 Billion, According to comScore Report...
- E-Commerce Spending Up 24% for 2006, Tops $102 Billion, Per Report...
- E-Commerce Holiday Spending Reaches $11.7 Billion, Per Study...
- E-Commerce Heaviest Spending Day on Record, Reaches $647 Million...
- Online E-Commerce Sales Expected to Reach $243 Billion, by 2011...
Related posts brought to you by Yet Another Related Posts Plugin.













