Consumer Payment Card News

Online Spending

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Total online retail spending reached $11.7 billion between November 1st and December 1st, a 24% jump over year-ago levels. For the total holiday season online retail spending is also expected to climb by 24% to $24.3 billion, compared to $19.6 billion in 2005 and $15.8 billion in 2004. VA-based comScore Networks also reports that the number of visitors to retail sites has grown 13% while the total number of visits has grown 12%. The says “Cyber Monday” (November 27th) and Tuesday November 28th each produced $608 million in spending. For more information, please visit “http://www.comscore.com”:http://www.comscore.com.

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