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2006 Internet Sales Top $100 Billion!
Internet sales surpassed the $100 billion mark for the period January 1, 2006 to December 23, according to data released by comScore Networks. The total is the first time online retail (excluding travel) surpassed $100 billion.
During the first 56 days of the 2006 holiday season, total online retail spending increased 26 percent to $23.11 billion. Sales during the week prior to Christmas (December 18 – December 22,) sales rose 38 percent compared with the same week in 2005.
“Online sales continued to show strong growth during the last week before Christmas when procrastinators were clicking with confidence,” said Gian Fulgoni, chairman of comScore Networks. “Consumers making purchases in those final days expressed both their faith in retailers’ ability to pick and pack their orders in a timely fashion and shippers’ ability to drop them on recipients’ doorsteps in time for Christmas.”
According to comScore Networks, retail e-commerce accounts for approximately 7 percent of consumers’ retail spending (excluding gas, autos and food,) making it an important component of the total economy
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