logo
  Join        Login             Stock Quote

Cyber Monday Sets Online Spending Record: Comscore (SCOR)

 November 28, 2012 10:24 AM
 


(By Balaseshan) Cyber Monday spending jumped 17% to $1.46 billion, ranking as heaviest U.S. online spending day in history, according to a finding by comScore Inc. (NASDAQ: SCOR).

The company reported holiday season U.S. retail e-commerce spending for the first 26 days of the November-December 2012 holiday season. For the holiday season-to-date, $16.4 billion has been spent online, marking a 16% increase versus the corresponding days last year.

comScore said Cyber Monday represented the heaviest online spending day in history and the second day this season (in addition to Black Friday) to surpass $1 billion in sales.

[Related -U.S. Retail E-Commerce Sales Rise 13 Pct In Q1]

Cyber Monday saw Digital Content & Subscriptions continue to set the pace among product categories with a year-over-year growth rate of 28%.

Consumer Electronics, buoyed by gains in smartphone sales, ranked second at 24%, while tablet sales helped the Computer Hardware category post a 22% growth rate. Video Games, Consoles & Accessories (up 18%) and Jewelry & Watches (up 17%) rounded out the top five.

Nearly half of dollars spent online at U.S. websites originated from work computers (47.1%), down slightly from last year. Buying from home comprised the majority of the remaining share (47.2%) while buying at U.S. websites from international locations accounted for 5.7% of sales.

"Despite some news reports suggesting that Cyber Monday might be declining in importance, the day has once again set an online spending record at nearly $1.5 billion. However, it is also clear that the holiday promotional period has begun even earlier this year, with strong online sales occurring on Thanksgiving Day and Black Friday," said comScore chairman Gian Fulgoni.

[Related -U.S. Retail E-Commerce Sales Top $50B In Q4]

SCOR is trading down 1.90% at $13.43 on Wednesday. The stock has been trading between $11.30 and $23.93 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChart Says This Retailer's Comeback Isn't Finished

One of the surprises, at least on the surface, of the market's recent swoon was the outperformance of read on...

article imageETF Performance Review: Major Asset Classes | 19 Dec 2014

It’s all about real estate investment trusts (REITs) these days when it comes to bullish performance among read on...

article imageOil and Global Stock Markets Rebounding Sharply

So far so good on our expectation of a 4 to 5% pullback and then a resumption of the bull read on...

article imageGrading the FOMC

Love its members or loathe them, you have to admire the gradual impact the policy-making committee has had read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.