Online Retail Sales on the Rise
E-shoppers bought more goods last year, but the economy and the threat of war may have slowed some sales.
Todd R. Weiss, Computerworld
Online retail sales climbed an estimated 39 percent in the 2002 holiday season compared with 2001, but the nation's continuing economic malaise and the threat of war with Iraq apparently caused a last-minute slowdown in online sales during the week before Christmas, according to a Reston, Virginia-based consumer research firm.
"At the very tail end--the week or so leading up to Christmas--we did see ... the growth rates slow quite a bit compared to last year," says Dan Hess, a vice president at ComScore Networks. In the 2001 holiday shopping season, there was a last-minute online spending surge that wasn't duplicated this year, he says.
Overall, ComScore estimates, consumers spent $74 billion online shopping in 2002, up 39 percent over 2001. The total includes retail spending as well as online spending for travel accommodations.
In the fourth quarter of 2002, consumers spent about $13.8 billion online, 27 percent more than in the same period in 2001, according to ComScore. Overall, online retail sales alone amounted to an estimated $43 billion in 2002, which is about 5 percent of the retail sales in brick-and-mortar stores.
More Than Ever
Also higher in 2002 was the number of consumers shopping online, with about 10 million people a week shopping online in the fourth quarter--a jump of 32 percent over 2001.
Experienced online shoppers also spent 37 percent more than in 2001, according to ComScore, and they spent about 50 percent more than first-time online shoppers did. "They had a positive experience and then do it more often," Hess says.
The traditional mix of items bought online also changed in the just-past holiday season, he says. Apparel sales increased at a brisk clip, while music CDs, books, and consumer electronics--all leading online sellers in the past--had "lackluster" sales, he says.
Also rising in sales were home and garden items, small appliances, and jewelry. "They're bellwethers [that show that] people are considering this as a place to buy a broad range of products," Hess says.
The figures from ComScore are preliminary and could change somewhat once final tallies are available, he adds.

For more enterprise computing news, visit Computerworld. Story copyright © 2007 Computerworld Inc. All rights reserved.
Go Wireless on Printing
Save on Printing Costs
Dell End of Year Deals
-
Ring in the New Year with Huge Deals on Dell Computers
Up to 30% Popular Dell Laptops, up to 25% off Popular Dell Desktops. Sales ends 12/31 5AM EST.
People who read this also read:
Best Prices on TVs
LN46B500 46" LCD TVPrice: $797.00
DX-L32-10A 32" LCD TVPrice: $329.99
UN55B8000 55" LED TVPrice: $2488.00
PN50B650 50" Plasma TVPrice: $1139.99
32AV502R 32" LCD TVPrice: $349.99
LN40B500 40" LCD TVPrice: $599.99
- Perfect Printing Solutions Find just the right All-in-One Printer for you from HP. Visit the HP Resource Center.
- Acer Laptop Center Forget the Mouse...check out the next generation multi-gesture touch screen technology from Acer.
- Dell Shopping Center Check out great deals from Dell!
Cameras
Camcorders
Cell Phones
Components
Desktops
HDTV
Home Theater
GPS
Laptops
Monitors
MP3 Players
Networking &
Printers
Storage





