US: desktop-based online shopping to yield USD 53.2 bln in 2014 holiday season

Thursday 20 November 2014 11:29 CET | News

US customers purchasing online via desktops are expected to spend USD 53.2 billion during the 2014 holiday season, up 14% y-o-y and 10% up from the same period in 2013, reports.

Moreover, total online retail spending for the November–December 2014 period will reach USD 61 billion, representing a 16% increase from 2013, according to the ecommerce research agency ComScore.

Mobile commerce is predicted to account for USD 7.9 billion of retail spending, representing 13% of total digital commerce and growing at an annual rate of 25% vs. 2013 season.

US desktop ecommerce sales in Q3 2014 rose 13% year-over-year to USD 53.9 billion, marking the twentieth consecutive quarter of positive year-over-year growth and sixteenth consecutive quarter of double-digit growth. It also represented a rebound of 3% from the 10% growth rate in Q2 2014.

Q3 2014 m-commerce spending on smartphones and tablets added USD 6.7 billion for the quarter, up 17% vs. Q3 2013, for a digital commerce spending total of USD 60.6 billion in the quarter.

Recently compiled figures for October 2014 desktop ecommerce spending showed a 14% year-over-year growth rate to USD 18.8 billion, signaling a continuing positive trend in spending growth from the middle of the year.

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Keywords: US, desktop, mobile, online shopping, holiday season, report, revenues, Customers, retailers
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce