online spending

According to the stats online retailers probably had the best Thanksgiving this weekend because those discounts reserved by Cyber Monday were widely offered through the weekend. Cyber Monday is the day when many people returning to work after Thanksgiving make gift purchases online.

"We've actually never seen a Thanksgiving Day this robust before online," said Fiona Dias, EVP of strategy and marketing for GSI Commerce, which operates more than 100 online stores for retailers including Toys R Us, Aeropostale Inc and Polo Ralph Lauren Corp.

According to the updated forecast made by comScore online spending this holiday is expected to grow by 11% as compared to the previous year. It is the second time the analytics firm updates its closely watched view. The new spending outlook should bring total holiday e-commerce spending to $32.4 billion, comScore said.

The HomeCard™, which can help potential home buyers save for their down payments, has been introduced by The HomeCard Company, Inc., and will be available to consumers in early 2010.
With the HomeCard, consumers can earn up to 25% cash-back on everyday purchases which can be deposited into an interest bearing FDIC insured savings account to help speed savings for down payments or to fund home repairs.

 As the largest retail shopping season of the year approaches, eCommerce retailers can expect a surge in consumer spending compared to the previous quarter. Consumers anticipate that they will spend an average of $281 online during Q4 2009, a 24 percent increase over last quarter. While this represents the first increase in spending since last year, it is an 18 percent decrease in the overall spending rate as compared to Q4 2008. This is according to the eBillme™ Online Spending Index, a quarterly survey examining consumer spending trends online.

eBillme and Shop.org conducted the similar surveys regarding expected spending for Mothers day. According to both studies, it is projected 20% of customers will shop online for a Mothers day gift this year. And approximately 9% of consumers will spend more this year on Mom than they did in the previous year.

According to the last survey of Javelin Strategy & Research and eBillme, the forecast of consumer spending online looks very positive. The amount of spending is going to increase 8% this quarter and reach $267 compared to $247 last quarter.  Despite the slight growth in online spending, the rates of offline retail sales do not look very cheerful.

According to the eBillme(TM) Online Spending Index, a quarterly inquiry examining consumer’s spending trends online, 50 percent of consumers reported they will have more confidence in the economy while more than 1 in 4 feel more comfortable increasing their everyday spending now that the new administration has come. This quarter’s Index shows cautious optimism in the conditions of still existing uncertainty about economic conditions