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If you're new here, you may want to subscribe to our RSS feed. Don't like RSS? That's Ok! Subscribe to our Blog and get email updates. You can also sign up for our monthly newsletter or get to know Shawna by following me on Twitter. Thanks for coming by and please come back again soon!! Friday, May 21, 2010 comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, today released its Q1 2010 U.S. retail e-commerce sales estimates, which showed that online retail spending neared $34 billion for the quarter, up 10 percent versus year ago. The strong acceleration represented the first time growth rates reached double-digits since the second quarter of 2008.
______________________________ Retail E-Commerce (Non-Travel) Growth Rates Excludes Auctions, Autos and Large Corporate Purchases Total U.S. – Home/Work/University Locations Source: comScore, Inc. ______________________________ Quarter E-Commerce Spending ($ Millions) Y/Y Percent Change Q1 2007 $27,970 Q2 2007 $27,176 Q3 2007 $28,441 Q4 2007 $39,132 Q1 2008 $31,178 Q2 2008 $30,581 Q3 2008 $30,274 Q4 2008 $38,071 Q1 2009 $31,031 Q2 2009 $30,169 Q3 2009 $29,552 Q4 2009 $39,045 Q1 2010 $33,984 ______________________________ “The first quarter returned the U.S. retail e-commerce market to healthy double-digit growth rates,” said comScore chairman Gian Fulgoni. “While these spending gains provide reason for optimism, we should note that upper-income households are currently shouldering much of the growth. Should the economy falter in the second half of the year and upper-income consumers return to a savings mode, we could still see growth decelerate. But for the time being, this momentum is encouraging.” Other highlights from Q1 include:
Webinar Series: State of the U.S. Online Retail Economy through Q1 2010 Join Mr. Fulgoni as he presents an update of the state of the U.S. online retail economy through Q1 2010 in a live webinar on Thursday, May 27 at 2 p.m. ET/1 p.m. CT. The webinar presentation will include an overview of changes in consumers’ online spending patterns through Q1 2010, survey findings that highlight consumer sentiments regarding the economy, as well as an analysis of spending patterns across key product categories, retailer sectors and consumer demographic segments. To register for the webinar, please visit: About comScorecomScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit www.comscore.com/companyinfo. by: Shawna Seigel Twitter With Shawna | Subscribe to our Blog | Subscribe To Our Radio Show |
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