2010 online holiday sales up 15.4% to $36.4 billion

By on December 24, 2010 at 9:50 AM.

2010 online holiday sales up 15.4% to $36.4 billion

SpendingPulse, a MasterCard Advisors service that monitors national retail and services sales, has an early Christmas gift for all of us this year. According to tallies of MasterCard payments along with survey-based estimates for other forms of payment, MasterCard Services estimates that online spending this holiday season hit $36.4 billion in the U.S. The massive number represents a 15.4% increase compared to the holiday season in 2009. “Today eCommerce accounts for a much larger share of overall retail sales compared to a few years ago. And during this holiday season, it registered double digit growth for 6 out of 7 weeks,” said Michael McNamara, VP for MasterCard Advisors SpendingPulse, in a statement. Daily online spending in the U.S. topped $1 billion six times during the holiday shopping season this year, compared to three times in 2009. Hit the break for the full press release. More →

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JP Morgan: Online holiday shopping up 22%

By on December 14, 2010 at 5:27 AM.

JP Morgan: Online holiday shopping up 22%

In a note to investors Monday, JP Morgan analyst Imran Khan wrote that online shopping during the holiday season is up 22% so far this year compared to the same period in 2009. Khan cites a Chase Paymentech survey of 50 online retailers as his source. Online shopping during the same period in 2009 was up 15% compared to 2008, so this year’s positive trend is good news for Amazon.com and other popular online retailers. Khan also noted that the heaviest days for online holiday shopping have historically been December 15th through the 21st. More →

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