Santa shopped online this year

Published in Internet by Aditi Tuteja

Online holiday spending rose 25 percent to 30 percent from a year ago, with hot items being computer hardware, consumer electronics and clothing, according to two reports released on Thursday.

A report from Goldman Sachs, Nielsen/NetRatings and Harris Interactive found that between Oct. 29 and Dec. 23 retail shoppers in the U.S. spent $30.1 billion online, up 30 percent from the same period a year ago.

Clothing was the top seller in terms of dollar amount, at $5.3 billion total, up 42 percent from last year’s revenue, the report said. Computer hardware and peripherals showed the most growth, 126 percent, at $4.8 billion. Consumer electronics was the second fastest growing category, garnering $4.8 billion, up 109 percent.

People spent $3 billion on books online, up 66 percent, and $2.3 billion on products in the toys/video games category of hardware and software, a drop of 9 percent from last year, the study found.

“Computer hardware and consumer electronics had a stellar season with the price reductions for laptops, plasma TVs, (and) color printers as well as high demand for iPods, digital cameras and media accessories,” Heather Dougherty, senior retail analyst at Nielsen/NetRatings, said in a statement.

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This article was written by Aditi Tuteja on 02 January 2006
Aditi is the founder and Chief Editor of RealGeek.com


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