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Dec 31 2008

Online shopping down by 3% on holidays

Shoaib Hashmi 

Online-Shopping-Stats_2008

A recent report by comScore has revealed that the online shopping in holidays has decreased 3% as compared to the same time last year. Despite an increase in shopping on Black Friday and Cyber Monday, the stats have gone down from $25.537 billion this year to $26.332 billion last year. The most obvious reason seems to be the bad economic condition along with a less number of days between Thanksgiving and Christmas.

On the other hand, eBay toped the list of retailer sites but with a decrease of 4% followed by Amazon with 7% increase and Wal-Mart with 4% increase.

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