Sales Since Cyber Monday Up 9 Percent Versus Year Ago
RESTON, VA, December 7, 2008 – comScore (NASDAQ : SCOR), a leader in measuring the digital world, today reported its tracking of holiday season retail e-commerce spending for the first 35 days of the November – December 2008 holiday season. For the holiday season through December 5, $14.92 billion has been spent online, essentially the same level compared to the corresponding days last year. For the five days beginning with December 1 (Cyber Monday), the kick-off to the heaviest part of the online shopping season, sales totaled $3.74 billion, up 9 percent versus year ago. Two individual days in the past week achieved more than $800 million in online spending: Monday, December 1 (“Cyber Monday”) with $846 million, and Tuesday, December 2 with $823 million.
2008 Holiday Season To Date vs. Corresponding Days* in 2007 Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Total U.S. – Home/Work/University Locations Source: comScore, Inc. |
Holiday Season to Date | Millions ($) |
2007 | 2008 | Pct Change |
November 1 – December 5 | $14,903 | $14,922 | 0% |
Dec .1 (Cyber Monday) – Dec. 5 | $3,419 | $3,743 | 9% |
*Corresponding days based on equivalent shopping days relative to Thanksgiving (October 27 – November 30, 2007)
“The online holiday shopping season has picked up noticeably since Thanksgiving as consumers have given in to the holiday spirit – and very attractive retailer discounts,” said comScore chairman Gian Fulgoni. “Particularly encouraging is the growth of 9 percent in online sales that has occurred since Cyber Monday. While this growth is certainly a positive development in this tough retail season, it also needs to be put into perspective. With the compressed time period between Thanksgiving and Christmas this year – five days shorter than last year – we need to see continued strong growth during the critical weeks between today and Christmas if this year’s shopping season is to at least match that of last year.”
Top Performing Retail Categories Since Cyber Monday
The fastest growing product categories during the period from December 1 through December 5 were Sport & Fitness (up 35 percent) and Consumer Electronics (up 24 percent), which saw sales surge as a result of significant price reductions on many items, including flat panel TVs. Apparel & Accessories, the second largest retail category in terms of dollar sales (after Computer Hardware) during this period, also experienced strong gains (up 16 percent). The softest retail categories include Music, Movies & Videos (down 24 percent) and Jewelry & Watches (down 22 percent).
Growth in Retail E-Commerce Categories by Dollar Sales Since Cyber Monday Non-Travel (Retail) Spending Excludes Auctions and Large Corporate Purchases Dec. 1- Dec. 5, 2008 vs. Corresponding Shopping Days in 2007 Total U.S. – Home/Work/University Locations Source: comScore, Inc. |
Retail Category | Y/Y Percent Change in Category Sales ($) |
Sport & Fitness | 35% |
Consumer Electronics | 24% |
Apparel & Accessories | 16% |
Toys | 16% |
Books & Magazines | 10% |
Video Games, Consoles & Accessories | 9% |
Computer Hardware | 2% |
Home, Garden & Furniture | 0% |
Flowers, Greetings & Gifts | -8% |
Jewelry & Watches | -22% |
Music, Movies & Videos | -24% |
Visitors to Top Retailer Sites Since Cyber Monday
During the five-day period since Cyber Monday, traffic to the retail site category is up 2 percent versus year ago, with many sites drawing a substantial number of visitors. eBay topped the list with 36 million unique visitors, while three of the top ten retailer sites saw gains versus year ago: Amazon Sites (up 10 percent), Wal-Mart (up 7 percent), and Apple Inc. (up 29 percent).
Visitor Growth at Top Retailer Sites Dec. 1- Dec. 5, 2008 vs. Corresponding Shopping Days in 2007 Total U.S. – Home/Work/University Locations Source: comScore, Inc. |
| Unique Visitors (000) |
2007 | 2008 | Percent Change |
Retail Site Category | 118,393 | 121,271 | 2% |
eBay | 40,180 | 36,631 | -9% |
Amazon Sites | 26,859 | 29,505 | 10% |
Wal-Mart | 18,183 | 19,514 | 7% |
Target Corporation | 16,273 | 15,905 | -2% |
Apple Inc. | 9,290 | 11,943 | 29% |
Best Buy Sites | 9,350 | 8,561 | -8% |
JCPenney Sites | 6,657 | 6,435 | -3% |
Overstock.com | 6,930 | 5,874 | -15% |
Toysrus Sites | 6,434 | 5,969 | -7% |
Dell | 6,740 | 5,611 | -17% |
comScore’s Summary of 2008 Holiday Online Retail Spending by Key Time Period
Online Non-Travel (Retail) Holiday Consumer Spending Excludes Auctions and Large Corporate Purchases Total U.S. – Home/Work/University Locations Source: comScore, Inc. |
| Millions ($) |
2007 | 2008 | Pct Change |
January – October | $93,551 | $102,144 | 9% |
comScore Holiday Season Forecast (Nov-Dec) | $29,169 | $29,200** | 0%** |
November 27 (Thanksgiving Day)* | $273 | $288 | 6% |
November 28 (Black Friday)* | $531 | $534 | 1% |
December 1 (Cyber Monday)* | $733 | $846 | 15% |
* Versus Corresponding Shopping Day in 2007 Relative to Thanksgiving
**Forecast
About comScore
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