Growth Of Online Retail Boomed In 2014

Growth Of Online Retail Boomed In 2014

Retailers expected online sales to hit record levels in 2014 and did they ever.

New all-time highs for e-commerce sales are now expected for the November through December time frame following a strong surge in sales during the final week before Christmas, according to the digital measurement firm comScore.

U.S. retail e-commerce spending from desktop computers from Nov. 1 through Dec. 21 increased 15 percent to $48.3 billion from $42 billion during the same period the prior year, according to comScore. Much of that volume came during the final week before Christmas (Dec. 15-21) when online sales surged 18 percent to $5.8 billion.

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