Online Shopping Spending to Stay Steady in 2012 (GRPN)

Photo of Paul Ausick
By Paul Ausick Published

Ecommerce site PriceGrabber.com surveyed 933 online shoppers during a three-week period in late January to mid-February, and 51% of those surveyed said that they intend to maintain the same level of spending in 2012 as in 2011. Another 21% said they plan to spend more in 2012 than they did last year, while 28% plan to spend less.

Daily deal sites like Group Inc. (NASDAQ: GRPN) and PriceGrabber’s own local deals offerings can look forward to 46% of shoppers using their services. Deal shoppers search most for dining out deals, shopping deals, entertainment and event deals, and family deals.

One interesting data point:

According to the survey, the average shopper will make 53 percent of his or her overall purchases online, 42 percent from brick-and-mortar stores and 5 percent from a mobile phone.

The PriceGrabber press release is available here.

Contact [email protected] for any questions or corrections.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

GLW Vol: 24,307,400
KLA
KLAC Vol: 14,628,648
WDC Vol: 11,268,872
AMAT Vol: 14,164,881
AXON Vol: 1,847,989

Top Losing Stocks

HON Vol: 7,773,157
CTRA Vol: 73,319,495
SMCI Vol: 91,227,161
CPRT Vol: 18,101,097
ULTA Vol: 895,681