Holiday Spending Approaches $20 Billion for the Season
Online Holiday Spending Approaches $20 Billion for the Season as Two Days Surpass $800 Million in Spending in Most Recent Week
RESTON, VA, December 13, 2009 – comScore (NASDAQ : SCOR), a leader in measuring the digital world, today reported holiday season retail e-commerce spending for the first 41 days of the November – December 2009 holiday season. For the holiday season-to-date, $19.9 billion has been spent online, marking a 3-percent increase versus the corresponding days last year. The most recent week saw above average online spending growth of 4 percent versus year ago, as two individual days surpassed $800 million in spending, led by Thursday, Dec. 10, with $852 million.
| 2009 Holiday Season To Date vs. Corresponding Days* in 2008 Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Total U.S. – Home/Work/University Locations Source: comScore, Inc. |
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Millions ($) | ||
| 2008 | 2009 | Percent Change | |
| November 1 – December 11 | $19,282 | $19,938 | 3% |
| Thanksgiving Day (Nov. 26) | $288 | $318 | 10% |
| Black Friday (Nov. 27) | $534 | $595 | 11% |
| Cyber Monday (Nov. 30) | $834 | $887 | 5% |
| Week Ending Dec. 11 (Dec. 5 – Dec. 11) | $4,516 | $4,644 | 4% |
*Corresponding days based on corresponding shopping days (November 2 thru December 12, 2008)
“Although this most recent week of holiday shopping did not produce the first $900 million spending day, we saw above average growth rates including a strong end to the week,” said comScore chairman Gian Fulgoni. “Monday, December 14 – otherwise known as Green Monday – is likely to produce our heaviest online spending total for the season and represents our best opportunity to finally surpass that elusive $900 million spending threshold. The early part of this upcoming week should bring us the heaviest online spending days of the season before consumers refocus their attention on brick-and-mortar retail locations to finish up their holiday shopping.”
Ten Heaviest Online Spending Days on Record
Since comScore began tracking e-commerce spending in 2001, it has witnessed thirteen individual spending days eclipse $800 million, each of which has occurred during the past three holiday seasons. The heaviest online spending day on record was Wednesday, Dec. 9, 2008 with $887 million, which squeaked by Monday, Nov. 30, 2009 (Cyber Monday) by a mere rounding error. Tuesday, Dec. 1, 2009 was on a par with those totals with $886 million in spending. Of the top ten spending days on record, four have occurred in 2009, four in 2008, and two in 2007.
| Ten Heaviest U.S. Online Retail Spending Days on Record (thru Dec. 11, 2009) Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Total U.S. – Home/Work/University Locations Source: comScore, Inc. |
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| Date | Spending in Millions ($) | |
| 1 | Wednesday, Dec. 9, 2008 | $887 |
| 2 | Monday, Nov. 30, 2009 (Cyber Monday) | $887 |
| 3 | Tuesday, Dec. 1, 2009 | $886 |
| 4 | Monday, Dec. 10, 2007 (Green Monday) | $881 |
| 5 | Monday, Dec. 15, 2008 (Green Monday*) | $859 |
| 6 | Thursday, Dec. 10, 2009 | $852 |
| 7 | Monday, Dec. 1, 2008 (Cyber Monday) | $846 |
| 8 | Tuesday, Dec. 8, 2009 | $828 |
| 9 | Tuesday, Dec. 2, 2008 | $823 |
| 10 | Tuesday, Dec. 11, 2007 | $819 |
*Green Monday occurs on the Monday with at least 10 days prior to Christmas and tends to be the heaviest online spending day of the season. In 2008, it was the second heaviest day of the season.
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