Has Holiday Shopping Activity Started To Falter?

December 5, 2010 by Douglas A. McIntyre

The rate of e-commerce sales growth for this holiday season has begun to slow. And, there is some reason to believe that the problem will become worse.

comScore reports that online sales growth in the period from November 27 to December 3 was 9% to $5.163 billion. That compares to an increase of 28% on Thanksgiving Day and a remarkable 16% rise to $1.028 billion on Cyber Monday. That made it the largest single day of e-commerce activity in history.

Online retail revenue rose more than expected in the first three weeks of November, a sign that large discounts may have caused people to shop early. The week before Christmas, known for years as a good time for consumers to take advantage of retailers who need to clear inventory, may be uncharacteristically weak. The money that shoppers have to spend in what is still a difficult economy may be gone by then

Douglas A. McIntyre

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.