Online holiday spending nears $22 billion mark

Reston, Va. -comScore reported holiday season retail e-commerce spending for the first 40 days of the November – December 2010 holiday season at more than $21.95 billion, up 12% versus the corresponding days last year. The most recent week (week ending Dec. 10) reached $5.15 billion in spending, an increase of 11% versus the corresponding week last year, as two individual days each surpassed $900 million.

"Growth rates during the most recent week settled in at around 11%, which is consistent with our forecasted spending growth rate for the holiday season," said comScore chairman Gian Fulgoni.