2010 online holiday sales up 15.4% to $36.4 billion
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 →
