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Growth in US e-commerce spending continues

Rachel Wheeler Archive
Online retail spending in the US reached $32.9 billion for the second quarter of 2010, research by comScore has revealed.

The figure represents a growth of nine per cent when compared to a year previous and was the third consecutive quarter which has realized year-on-year growth.

During the period, the best performing categories included consumer electronics, computer software and computers.

Gian Fulgoni, comScore chairman, said that the growth in e-commerce spending in the second quarter was "encouraging".

"We remain cautiously optimistic heading into the second half of the year, but we will be keeping a close eye on unemployment rates, which along with potential uncertainty in the stock market could limit growth in e-commerce spending in the near term," he added.

Meanwhile, according to the latest SpendingPulse report from MasterCard Advisors the e-commerce sector posted double-digit growth for July, increasing 10.9 per cent year-on-year in contrast to June.

It reported that apparel e-commerce increased by 13.7 per cent over the period and increased for the eighth consecutive month.

Posted by Rachel Wheeler