Posts Tagged ‘U.S. ecommerce spending
U.S. ecommerce spending up 10 percent in first quarter
A report recently released by comScore found that ecommerce spending in the United States rose by 10 percent in the first quarter of 2010, compared to the first quarter of 2010. Americans spent nearly $34 billion on the web in the year’s first three months compared to just over $31 billion during the same time last year.
While industry experts are encouraged by the growth, they cited a pair of indicators as reasons not to read too much into it. There are have been far greater year-on-year improvements in ecommerce sales in previous quarters.
“We should note that upper-income households are currently shouldering much of the growth. Should the economy falter in the second half of the year and upper-income consumers return to a savings mode, we could still see growth decelerate,” said Gian Fulgoni, chairman of ComScore.
The U.S. Department of Commerce recently reported that the growth in overall retail sales in the first quarter of 2010 makes for the second consecutive quarter of growth. However, due to the holidays, the DOC did not place great significance on the gains at the end of December. The substantial growth in the beginning of 2010, it reported, demonstrates a recovering economy.ADNFCR-2178-ID-19795404-ADNFCR