31 posts and columns on December
According to a brief from comScore, total U.S. online spending in January — including retail and travel — grew 13 percent year over year to $23 billion, compared to 11 percent in December. Both months were pointing slightly downward from fourth-quarter online spending, which saw 14 percent year-over-year growth, but Citi analyst Mark Mahaney said in a note that he sees overall positive trends ahead in e-commerce, with the possibility of seeing pre-recession 20 percent growth rates. Key segments contributing to January’s overall growth included online sales of computer software, jewelry and watches, and home electronics.
News ByteBest Buy reported today that U.S. same-store sales declined 5 percent in December compared to a strong 9.3 percent sales growth in the same period last year. The company’s performance matched the experiences of other retailers, which also reported declines at year end. In the case of the big-box electronics retailer, it said the drop was driven by softness in entertainment software and TV, but was partially offset by growth in Best Buy Mobile and appliances. Online sales were also strong, resulting in a 13 percent increase in December year-over-year.
News ByteAP reports. Online spending may eventually brighten the picture, since some retailers don’t include e-commerce in their monthly figures. Americans spent a record amount online this season, jumping 13 percent over 2009.
News ByteMarketWatch reports. Retailers are expected to report final numbers on Thursday for the busiest month of the year, but already some retailers, like Barnes & Noble, have reported preliminary holiday results, revealing that spending was up 9.7 percent. Overall, research firm Retail Metrics is expecting December sales at stores open at least a year to jump 3.4 percent compared to last year.