Online Consumer Spending Grows in 2006
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Reston, Virginia - (Cheap Web Hosting Directory) - January 23, 2006 - Online spending is off to a sizzling start, according to spending figures released by comScore Networks today. The year-to-date consumer spending figures revelaed that online non-travelspending is up 33 percent for the first three weeks in January 2006 versuscorresponding days in 2005.
Online non-travel spending during the timeperiod January 1-20, 2006 totaled $5.5 billion, representing a 33-percentincrease over the $4.1 billion posted during the corresponding period in 2005.Online travel spending generated an additional $3.5 billion during the firstthree weeks of 2006, up 8 percent versus corresponding days in 2005.
The growth in 2006 online consumer spending follows a year of solid gains.Total online spending for the full year 2005, including travel, reached $143.2billion, up 22 percent over 2004. Online non-travel spending in 2005accounted for $82.3 billion, an increase of 24 percent over 2004 levels.
According to Gian Fulgoni, Chairman of comScore Networks, ”The 2006 year opened on a strong note, with solid growth of 33 percent in online non-travel sales versus the same period in 2005. It’s clear based on what we’re seeing so far in 2006 that the strength in online sales will not wane anytime soon.”
An analysis of sales growth for select product categories revealed that Event Tickets was one of the fastest growing categories in January, surging 50 percent above corresponding days in 2005 to $193.3 million. Consumer Electronics were also up strongly, with sales for the first three weeks of January rising 43 percent above corresponding days last year to $271.5 million. As the traditional post-holiday battle of the bulge kicked in this month, consumers also spent on fitness-related items, with sales in the Sports and Fitness category reaching $72.6 million, up 41 percent versus last year. Continuing the momentum seen during the 2005 holiday season, online sales of Apparel and Accessories continued at a brisk pace, rising 38 percent above last year to $727.3 million.
To learn more about comScore Networks, please visit: www.comscore.com.
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