Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Shoppers Staying Home for Online Deals?

ComScore said today that online spending jumped to $677 million last weekend, almost twice the amount spent last year on the weekend before Christmas.

That's especially interesting considering that a report released by America's Research Group and UBS showed that just 38.7 percent of Americans actually went out shopping in the final week, down from 41.6 percent last year. That's the lowest turnout in at least six years.

So, what's going on here? Are you finding better deals online? Or do you think the malls will be too crowded with bargain hunters? Tell us in the comments section.

-- Michael S. Rosenwald

By Michael S. Rosenwald  |  December 23, 2008; 3:27 PM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Fund Manager Tied to Madoff Case Found Dead
Next: Stocks End Day Lower

Comments

I've always hated the shopping crush at Christmas, and have done most of my shopping online this year. Partly it has been motivated by getting more comfortable with online shopping, partly by perhaps feeling a bit depressed and not up to the mad rush out there.

Posted by: catherine3 | December 23, 2008 3:57 PM | Report abuse

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company