TechCrunch reports: It looks like will be a joyful holiday season for many online retailers this year. comScore is reporting that holiday retail e-commerce spending for the first 20 days of the November to December 2011 season is already up 14 percent from the same period last year. Wednesday, November 16 was the heaviest online spending day of the season to date at $688 million.
comScore is forecasting that total online retail spending for the holiday season will reach $37.6 billion, 15 percent increase from last year’s season. For background, the 2010 holiday shopping period saw a 12 percent increase from 2009.
In a recent survey conducted with consumers, holiday shoppers say that retailers’ promotional activity for the early part of the season has increased in relation to last year. Specifically, 33 percent of respondents indicated that they are seeing more discounts, sales and promotions vs. last year compared to just 7 percent who said there were fewer.
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