2010 online holiday sales up 15.4% to $36.4 billion

SpendingPulse, a MasterCard Advisors service that monitors national retail and services sales, has an early Christmas gift for all of us this year. According to tallies of MasterCard payments along with survey-based estimates for other forms of payment, MasterCard Services estimates that online spending this holiday season hit $36.4 billion in the U.S. The massive number represents a 15.4% increase compared to the holiday season in 2009. ?Today eCommerce accounts for a much larger share of overall retail sales compared to a few years ago. And during this holiday season, it registered double digit growth for 6 out of 7 weeks,? said Michael McNamara, VP for MasterCard Advisors SpendingPulse, in a statement. Daily online spending in the U.S. topped $1

Source: http://www.bgr.com/2010/12/24/2010-online-holiday-sales-up-15-4-to-36-4-billion/

Ashley Olsen Danneel Harris Veronika Vaeková Eve Brittany Lee