Report: Holiday Online Sales Register Decline

New York City Online holiday sales registered a first-ever decline in seven years, according to sales tracker ComScore, CNN.Money.com reported.

The firm said online spending for the first 49 days of the critical November-December gift-buying period fell 1% to $24.03 billion, compared to $24.15 billion over the same period last year.

Andrew Lipsman, analyst with ComScore, said this is the first time the firm has recorded a drop in the measure since it started tracking holiday e-commerce sales in 2001.