After witnessing a sharp decline in the online shopping in 2008 at the time of reccession, the E commerce industry finally started picking up online sales. After a poor year in 2008, online retail spending is picking up again due the heavy discounts and offers made by the retailers to the consumers.
According to comScore, a recent study shows that in United States, online shopping rose to $3.2 billion for the last week of November-2009, which accounted more than 6% sales during the same period last year.
Internet shoppers made a slaes of $318 million on Thanksgiving Day which is 10% higher than in 2008.
Sales also rose by 11% to $595m on Black Friday, the start of the Christmas shopping season for bricks-and-mortar retailers but an increasingly important online shopping day too. Consumers continued to spend on “cyber Monday” November 30th.
According to Shopper Talk, a retail Consultancy, On Wednesday December 2nd, a new data showed that sales rose from $846m to $887m, the largest daily spend on record. But the signs of recovery offline are less clear. Shops rang up $10.7 billion in sales on Black Friday, a meagre 0.5% rise on 2008.
The above figures shows that the E commerce industry is recovering from reccession and the online sales may break records for this Chrismas Shopping period in 2009.
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