Shortened Holiday Calendar and Lagging Final Week of Spending Led to Underperformance Relative to 14 Percent Growth Forecast Cyber Monday Ranked as the #1 Spending Day for 4th Consecutive Year
RESTON, VA, January 7, 2014 – Comscore (NASDAQ : SCOR), a leader in measuring the digital world, today reported holiday season U.S. retail e-commerce spending from desktop computers for the full November-December 2013 holiday season, showing that $46.5 billion was spent online from desktop devices, an increase of 10 percent vs. year ago. While this year’s spending total represents a record for online holiday spending and a double-digit gain from last year, it nevertheless fell short of Comscore’s forecasted 14-percent growth of $48.1 billion in desktop spending.
*vs. Corresponding Shopping Days in 2012
“Although the 2013 holiday season fell short of our initial forecast, it still performed very well in certain regards,” said Comscore chairman Gian Fulgoni. “Achieving a double-digit growth rate while significantly outperforming the growth of brick-and-mortar retail by a factor of at least two is noteworthy, particularly considering the inherent challenges in this unusual holiday season.”
Added Fulgoni, “Ultimately, it seems that spending softness relative to expectations was mainly the result of the compressed holiday calendar. With just three weeks of online shopping between Thanksgiving and Christmas, consumers did not have the same opportunity to buy that they would have in a more typical holiday season. They made up for it to some extent by spending significantly more online on the weekends, but so many fewer workdays provided a headwind for the season that ultimately proved very challenging to overcome. That said, it should also be noted that many consumers continue to be challenged economically, which forced retailers to offer large price discounts in an attempt to stimulate demand. Unfortunately, this also had the effect of reducing total dollar sales since consumers could buy more for less.”
Apparel & Accessories Ranks as Top-Gaining Category for the 2013 Holiday SeasonFor the 2013 holiday season, Apparel & Accessories ranked as the top-gaining product category with a gain of more than 13 percent vs. year ago and outpacing Consumer Electronics (bolstered by smartphone sales) by a razor thin margin. Computer Hardware (bolstered by tablet sales) ranked third by fractions of a percentage point, while Toys & Hobbies and Video Game Consoles & Accessories rounded out the top five.
Top 10 Heaviest Online Spending Days in 2013The 2013 holiday season saw 10 individual spending days surpass $1 billion desktop spending and was once again led by Cyber Monday (Dec. 2) with a record $1.735 billion, the day’s 4th consecutive year it has held the #1 position. Tuesday, Dec. 3 ranked second with $1.410 billion, followed by Green Monday (Dec. 9) with $1.401 billion. Including purchasing from mobile devices, Cyber Monday reached the $2 billion threshold, the first time such a spending level has been attained in a single day.
About ComscoreComscore, Inc. (NASDAQ: SCOR) is a global leader in digital measurement and analytics, delivering insights on web, mobile and TV consumer behavior that enable clients to maximize the value of their digital investments. For more information, please visit www.comscore.com/companyinfo.
+1 (312) email@example.com