Online Holiday Spend $29.1 Billion at U.S. Sites

(IDEX Online News) - Holiday season retail e-commerce spending for the first 49 days of the November – December 2010 holiday season reached $28.36 billion, a 12 percent increase, according to measurement company comScore.

The week ending December 19 reached $5.5 billion in spending, an increase of 14 percent versus the corresponding week last year. The final shopping weekend before Christmas reached $900 million in retail e-commerce spending, representing a strong 17-percent growth rate versus last year.

“Spending growth has remained strong right through the final shopping weekend of the holiday season,” said comScore chairman Gian Fulgoni. “The growth rate of 17 percent witnessed during the final weekend capped off the heaviest online spending week of all time at $5.5 billion”