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eConsultant - Sanjeev Narang - writes notes on technology, personal growth, personal MBA, productivity and time management.

E-Commerce News: News: Online Holiday Shopping Soars 25 Percent to $23 Billion

E-Commerce News: News: Online Holiday Shopping Soars 25 Percent to $23 Billion

"Online Holiday Shopping Soars 25 Percent to $23 Billion"

Online shopping in the U.S. soared by 25 percent, to US$23.2 billion, during the 2004 holiday season ...

Online consumers this holiday season favored spending on apparel/clothing, totaling $3.8 billion, or 16 percent of total online revenue.

The toys/video games category was second, with $2.5 billion, or 11 percent of online revenue, while the consumer electronics category rounded out the top three with $2.3 billion, or 10 percent of total online revenue.

Categories generating the highest year-over-year growth in holiday dollars included jewelry, flowers and computer hardware/peripherals.

Jewelry jumped 113 percent to $1.9 billion, compared to the $888 million spent in 2003. Floral retailers experienced a 59 percent surge in online revenue to $530 million, while computer hardware/peripherals increased 30 percent over last season, generating $2.1 billion this year.
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