After concerns that e-commerce spending was growing well behind the rate that it grew last year, the pace picked up some in recent days.
According to comScore, online spending from November 1 to December 18 was up 19% to $25 billion. On Monday, December 17, e-commerce revenue jumped 33% and on December 18 it rose 25%.
The news may come as some relief to those who believed that customers shopping on the web were beginning to pull back. It now appears that they may have simply waited to see if discounts would improve as Christmas got closer. Shares in some e-commerce companies like Amazon (NASDAQ: AMZN) have come under some selling pressure.
The holidays may not be so bad after all.
Douglas A. McInyre is an editor at 247wallst.com.
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