Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Online holiday shopping: $30.8 billion spent

By CNNMoney.com staff


NEW YORK (CNNMoney.com) -- Holiday shopping online was strong right through Christmas, with consumers spending a record $30.8 billion for the season, according to a research firm report issued Wednesday.

Online sales for the 56 days ended Dec. 27 rose 13% from the same period in 2009, according to Reston, Va,-based comScore. There was a 17% year-over-year surge in the week that ended Dec. 26 -- the day after Christmas.

"For at least this holiday season, the American consumer has been able to shrug off the continuing economic challenges of high unemployment rates and depressed housing prices and spend at a rate that has been slightly stronger than we had expected," said Gian Fulgoni, comScore's chairman, in a statement.

Computer hardware led the way in online sales, with a 23% increase from last year, aided by Apple' (AAPL, Fortune 500)s iPad and e-readers from various sellers, according to comScore. Book and magazine sales rose 22%, consumer electronics sales gained 21% and software sales excluding video games were 20% higher online. To top of page

Index Last Change % Change
Dow 21,012.42 74.51 0.36%
Nasdaq 6,163.02 24.31 0.40%
S&P 500 2,404.39 5.97 0.25%
Treasuries 2.27 -0.02 -0.83%
Data as of 3:16am ET
Company Price Change % Change
Bank of America Corp... 23.36 -0.03 -0.13%
General Electric Co 27.83 -0.45 -1.59%
Ford Motor Co 10.96 -0.09 -0.81%
Advanced Micro Devic... 10.89 0.00 0.00%
Chesapeake Energy Co... 5.55 -0.12 -2.12%
Data as of May 24
Sponsors

Sections

Starbucks executive chairman Howard Schultz says that male executives must be vulnerable to be great leaders. More

Blue Cross and Blue Shield of Kansas City is exiting Obamacare in 2018, possibly leaving nearly 19,000 Missouri residents without coverage option next year. More

Analysts at Morgan Stanley estimate that Waymo -- the self-driving car startup that is owned by Google parent Alphabet -- could be worth $70 billion. It seems like a stretch given that Waymo is unlikely to be profitable until 2022. More

Want to keep more of your money? Do these five things -- each of which takes 20 minutes or less -- so you can cut your spending and fatten your pocketbook. More