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Online Holiday Sales Grow

By Reshma Kumar at December 27, 2007 0 Comments

eMarketer Online Sales ChartE-tailers came out ahead of traditional offline retailers this holiday season. The rumblings about a possible recession, high gas prices, housing market crisis, and high credit card debts have negatively impacted holiday sales this year. Offline retailers felt the pinch and are reporting a small increase of 2.4%, whereas, online sales were up 22.4% from the 2006 holiday shopping season according to the MasterCard SpendingPulse. comScore is also reporting that online retail sales increased 19% over a year ago, hitting a record $26.2 billion from Nov. 1 through Dec. 21.

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