Friday, January 05, 2007

Online spending tops $100 billion - Is there an opportunity here somewhere for myself?

San Francisco (IDGNS) - Driven by a strong rise in holiday spending, U.S. retail Web sites collected $102.1 billion in 2006, marking a 24 percent increase over last year, according to a report released Thursday.

Holiday shoppers spent $24.6 billion between Nov. 1 and Dec. 31, 2006, a rise of 26 percent over 2005, according to the report from comScore Networks. The numbers include consumer spending in all sectors except travel.

Spending jumped in the last two months of the year, pushing the total over $100 billion for the first time, said Gian Fulgoni, chairman of comScore.

Without the need to visit brick-and-mortar shops in person, online shoppers spread their spending over a longer period. The Monday after Thanksgiving is traditionally one of the heaviest shopping days of the year for U.S. retailers, but in 2006 it was just another day. The $607.6 million spent on "Cyber Monday," Nov. 27, was surpassed on 11 other days before the end of the year.

By delaying their shopping until the last days before winter holidays, shoppers showed their growing trust in online retailers' ability to ship goods through the mail quickly, the report said. The top three days of online spending for the year were Dec. 13 ($666.9 million), Dec. 11 ($660.8 million) and Dec. 4 ($647.5 million).

PS - hahaha...when I see this post, I was wondering to myself what can I do to turn this into opportunity for myself. Now...I cannot think of any but I better copied this here to remind myself later. I may be stupid now....but I don't think that I will be stupid forever hahaha. Am I Right?

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.