Online retailers will be pleased by news that transactions on the web showed year-on-year improvement during the first half of this month.
According to MasterCard Advisors' SpendingPulse report, e-commerce sales were up by 11.4 per cent in the first two weeks of November.
Apparel sales were up 9.7 per cent in the half-month, while luxury spending was up 6.7 per cent year-over-year. Electronic sales also showed a moderate increase of 0.7 per cent.
"For now at least, we are seeing some decent growth numbers and while levels are not yet back to 2007, the year-over-year growth stats are helping to get the holiday season off to an encouraging start," Michael McNamara, vice-president of research and analysis for SpendingPulse, said.
The news may inspire a number of e-retailers to invest in improving their website technology to ensure that they are able to capitalize on the increasing number of individuals now shopping online.
Indeed, a recent consumer survey found that nearly one-third of respondents indicated they would abandon a website that took between one and five seconds to load.
Posted by Rachel Wheeler