Retailers disappointed, but e-commerce spending is up!

The physical store retailers may be disappointed in their December sales numbers, but for those e-commerce site owners, spending is up! That’s right…according to, online retail was up 24 percent in 2006. Here’s what the article said:

Sales at e-commerce sites in 2006 reached $102.1 billion, a 24 percent
increase over 2005 sales. The previous year’s sales totaled $82.3 billion;
2006 was the first year figures exceeded $100 billion.

In addition, several benchmarks were set between the shopping period of November-December 2006…

  • The week before Thanksgiving, sales were 30 percent over the corresponding week in 2005.
  • Weeks four through six of the season were measured at 26 percent over the same period the previous year.
  • Online sales in the final three weeks of the season were 31 percent over the year before, and Christmas week (the week ending December 24, 2006) was 45 percent over the same period in 2005.

You can read the remaining parts of the article by clicking here.

By Ken Yeung

Ken Yeung is a journalist fascinated with the tech industry and internet culture. He's currently Flipboard's Assistant Managing Editor, overseeing news curation in technology, science, gaming and health. In addition to his day job, Ken's the co-host of "The Created Economy" podcast, examining the Creator Economy. In a past life, he was a former reporter for VentureBeat and The Next Web, covering tech startups, the industry's innovations and funding.