U.S. consumers spent $1.1 billion on Green Monday, up 19% from the same day last year according to comScore. Green Monday was the third heaviest day behind the record-setting Cyber Monday, when consumers spent $1.25 billion, and Monday December 5th, when consumers spent $1.17 billion. “Green Monday was another exceptional day for the online holiday shopping season, posting more than $1.1 billion in sales with a growth rate of 19 percent versus last year,” comScore chairman Gian Fulgoni said. “Green Monday also kicks off what should be the heaviest week of the year for online shopping, where we could see several billion dollar spending days, punctuated by Free Shipping Day on Friday, December 16.” The research firm recently said that holiday spending this year is already approaching $25 billion. ComScore’s full press release follows after the break.
Just Another Manic Monday: $1.1 Billion in Green Monday U.S. Online Spending Ranks Behind Two Preceding Mondays as 3rd Heaviest Day of the Holiday Season
19 Percent Y/Y Gain on Green Monday Outpaces Current Season-to-Date Growth Rate
RESTON, VA, December 14, 2011 – comScore (NASDAQ : SCOR), a leader in measuring the digital world, today reported holiday season retail e-commerce spending for the first 42 days of the November – December 2011 holiday season. For the holiday season-to-date through December 12, $26.8 billion has been spent online, marking a 15-percent increase versus the corresponding days last year. The most recent week (week ending Dec. 11) reached a record $6.1 billion in spending, in line with the season-to-date’s 15-percent growth rate. Monday, December 12, known as “Green Monday” (the second Monday in December when online spending has historically tended to peak), reached $1.13 billion in spending, representing a 19-percent increase versus last year, and ranking as the third heaviest spending day of the season after Cyber Monday ($1.25 billion) and Monday, December 5 ($1.17 billion).
2011 Holiday Season To Date vs. Corresponding Days* in 2010
Non-Travel (Retail) Spending
Excludes Auctions and Large Corporate Purchases
Total U.S. – Home & Work Locations
Source: comScore, Inc.Millions ($) 2010 2011 Percent Change November 1 – December 12 $23,269 $26,820 15% Thanksgiving Day (Nov. 24) $407 $479 18% Black Friday (Nov. 25) $648 $816 26% Thanksgiving Weekend (Nov. 26-27) $886 $1,031 16% Cyber Monday (Nov. 28) $1,028 $1,251 22% Week Ending Dec. 11 $5,308 $6,113 15% Green Monday (Dec. 12) $954 $1,133 19% *Corresponding days based on corresponding shopping days (November 2 thru December 13, 2010)
“Green Monday was another exceptional day for the online holiday shopping season, posting more than $1.1 billion in sales with a growth rate of 19 percent versus last year,” said comScore chairman Gian Fulgoni. “Green Monday also kicks off what should be the heaviest week of the year for online shopping, where we could see several billion dollar spending days, punctuated by Free Shipping Day on Friday, December 16. It is interesting to note that for the past three years, Cyber Monday sales have exceeded those on Green Monday, demonstrating the degree to which retailer promotions and consumer awareness have grown the popularity of the Monday after Thanksgiving Day as the day to be buying online. That online holiday spending growth has remained well into the double digits throughout all the key days of the season also underscores the clear strength of the e-commerce channel.”
Top Growing Online Retail Categories for Season-to-Date
For the holiday season-to-date (through Green Monday), Digital Content & Subscriptions ranks as the fastest growing online retail category with a growth rate more than double that of the online sector as a whole. Jewelry & Watches, a luxury goods category, has seen a strong resurgence as the second fastest growing category this season. Consumer Electronics, led by tablets and flat panel TVs, ranks third, followed by Video Games and Computer Software. Each of the top 10 gaining categories is growing at least the rate of total retail e-commerce growth.
Top Growing Online Retail Categories vs. Corresponding Days in 2010
Non-Travel (Retail) Spending
Excludes Auctions and Large Corporate Purchases
Total U.S. – Home & Work Locations
Source: comScore, Inc.Rank Retail Category 1 Digital Content & Subscriptions 2 Jewelry & Watches 3 Consumer Electronics 4 Video Games 5 Computer Software (excl. PC Games) 6 Toys 7 Sport & Fitness 8 Computer Hardware 9 Apparel & Accessories 10 Event Tickets
