2007 Online Holiday Shopping Season Surpasses $29 Billion in Sales, Up 19 Percent Versus Year Ago
RESTON, Va., Jan 07, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- comScore, Inc. (Nasdaq: SCOR), a leader in measuring the digital world, today released its final update of holiday season e-commerce spending for the 2007 holiday season (November 1 - December 31). $29.2 billion was spent online during the holiday season, marking a 19-percent gain versus the same period last year.
2007 vs. 2006 Full Holiday Season (November 1 - December 31) Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Total U.S. - Home/Work/University Locations Source: comScore, Inc. Billions ($) Holiday Season to Date 2006 2007 Pct Change November 1 - December 31 $24.57 $29.17 19% Thanksgiving Day (November 22) $ 0.21 $ 0.27 29% "Black Friday" (November 23) $ 0.43 $ 0.53 22% "Cyber Monday" (November 26) $ 0.61 $ 0.73 21% "Green Monday" (December 10) $ 0.66 $ 0.88 33%
"This year's online holiday shopping season has concluded with a record $29 billion in spending, a 19-percent gain versus year ago," said comScore Chairman Gian Fulgoni. "Ultimately, the softness in the growth of online retail sales during the first ten days of November proved difficult to overcome and prevented the season's growth rate from reaching our forecast of 20 percent. However, the period between Thanksgiving and Christmas -- another measure of the strength of the holiday season -- experienced a healthier 21-percent growth rate."
Top 10 Online Spending Days of the 2007 Holiday Season
"Green Monday" (Monday, December 10) was the heaviest individual spending day of the season with $881 million in sales, followed by Tuesday, December 11 ($819 million) and Thursday, December 6 ($803 million) "Cyber Monday" (Monday, November 26), which represents the first major spike in online spending activity during the season, ranked as the 9th heaviest day with $733 million.
Top 10 Online Spending Days of 2007 Holiday Season Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Total U.S. - Home/Work/University Locations Source: comScore, Inc. Day Dollars Spent ($ Millions) Monday, December 10 ("Green Monday") $881 Tuesday, December 11 $819 Thursday, December 6 $803 Wednesday, December 5 $798 Tuesday, December 4 $776 Wednesday, December 12 $754 Monday, December 3 $753 Friday, December 7 $734 Monday, November 26 ("Cyber Monday") $733 Thursday, November 29 $733
Fastest Growing Product Categories in 2007 Holiday Season
Video games, consoles & accessories was the fastest growing online retail category, jumping 129 percent versus the 2006 holiday season, with popular consoles like Nintendo Wii and Sony PlayStation and games like Halo 3 driving strong sales in the category. Furniture, appliances & equipment (up 67 percent), event tickets (up 24 percent) and consumer electronics (up 23 percent) also experienced above average growth. After seeing substantial softness early in the season, online apparel sales picked up considerably in the latter part of the season, finishing up 18 percent. Meanwhile, sales of jewelry & watches declined marginally versus year ago as rising costs in precious metals like gold and platinum may have dampened consumer demand.
Fastest Growing Retail E-Commerce Categories by Dollar Sales for 2007 Holiday Season Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Nov. 1 - Dec. 31, 2007 vs. 2006 Total U.S. - Home/Work/University Locations Source: comScore, Inc. Retail Category Percent Change in Category Sales ($) Video Games, Consoles & Accessories 129% Furniture, Appliances & Equipment 67% Event Tickets 24% Consumer Electronics 23% Apparel & Accessories 18% Sport & Fitness 16% Toys 16% Computer Hardware 15% Music, Movies & Videos 13% Books & Magazines 13%
Weekly Online Holiday Retail Sales
The heaviest spending week during the 2007 holiday season was the week ending December 16, with $4.7 billion in online sales, edging out the week ending December 9, which saw $4.6 billion. The week ending November 18 showed the strongest growth rate (26 percent) versus the corresponding week in 2006, while the week ending November 4 showed the softest growth (4 percent).
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About comScore
comScore, Inc. (Nasdaq: SCOR) is a global leader in measuring the digital world. This capability is based on a massive, global cross-section of more than 2 million consumers who have given comScore permission to confidentially capture their browsing and transaction behavior, including online and offline purchasing. comScore panelists also participate in survey research that captures and integrates their attitudes and intentions. Through its proprietary technology, comScore measures what matters across a broad spectrum of behavior and attitudes. comScore analysts apply this deep knowledge of customers and competitors to help clients design powerful marketing strategies and tactics that deliver superior ROI. comScore services are used by more than 800 clients, including global leaders such as AOL, Microsoft, Yahoo!, BBC, Carat, Cyworld, Deutsche Bank, France Telecom, Best Buy, The Newspaper Association of America, Financial Times, ESPN, Fox Sports, Nestle, Starcom, Universal McCann, the United States Postal Service, Verizon, ViaMichelin, Merck and Expedia. For more information, please visit http://www.comscore.com.
SOURCE comScore, Inc.
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