Report: Online Holiday Spending Nears $28 Billion
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Market research firm reports online spending was strong this holiday season, up 19 percent from last year.
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Spending by Americans shopping online  during this year's holiday season rose 24 percent to $8.8  billion, with sharp gains in purchases of clothing and  entertainment, Web company VeriSign Inc. VRSN.O said on  Thursday.
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Online consumers in the United States spent $8.8 billion, excluding travel purchases, in November, a 19 percent jump over the $7.4 billion spent online a year earlier, a report released Monday said.
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Online merchants are poised to record a much bigger rise in holiday sales than their offline counterparts. Broadband expansion, more luxury gift sales and a rise in late shoppers help the bottom line. By Joanna Glasner.
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TORONTO (CP) - Canadian adults will spend an estimated average of $991 this holiday season on gifts, clothing, travel, beauty services, food, drink and entertainment, an Ipsos-Reid survey suggests.
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Online consumers in the United States spent $8.8 billion, excluding travel purchases, in November, a 19 percent jump over the $7.4 billion spent online a year earlier, a report released on Monday said.
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Online advertising spending in Britain   surged 40.3 percent to 917.2 million pounds ($1.72 billion) in   the first half of 2006 compared to last year, giving it a   market share of 10.5 percent, new data showed on Wednesday.
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Online consumers in the United States spent &#36;8.8 billion, excluding travel purchases, in November, a 19 percent jump over the &#36;7.4 billion spent online a year earlier, a report released on Monday said.
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Spending by Americans shopping  online during this year's holiday season rose 24 percent from a  year earlier to $8.8 billion, with sharp gains in purchases of  clothing and entertainment, Web company VeriSign Inc. VRSN.O  said on Thursday.
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In fact, more than half of people in a recent survey (51 percent) said they&#39;d done holiday gift shopping while on vacation, spending an average of $2,000.
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According to raw data from comScore Networks released this morning, US consumers spent nearly $2 billion online in just the past week alone. If "Black Friday" is any indication, "Cyber Monday" could yield some astonishing numbers.
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OTTAWA (CP) - With the holiday buying season in full swing, Statistics Canada reports that we spent a bundle last year on new electronic devices.
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Don't write off the 2007 holiday shopping season just yet. Consumers are set to cash in $60 billion worth of gift cards in the next seven days, experts say.
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Unless you have been living under a rock for the six months, you will have noticed that the virtual world Second Life is much in the news.  According to its home page, there are currently around 1,700,000 residents, who are spending $600,000 â that's real, not virtual, money â in the world each day.  These figures are a little deceptive â there are typically only 10,000 to 15,000 residents online at any one time, and the money flow is not a rigorous measurement of economic activity â but there is no doubt that Second Life is growing very rapidly; moreover, we are beginning to see it enter the mainstream in a way that has close parallels with the arrival of the Web ten years ago.
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While they're still a sliver of overall U.S. retail sales, retail online sales continued to rise in the second quarter of the year to $15.7 billion, according to figures released today by the U.S. Department of Commerce.
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The average household will spend close to $1,000 on Christmas and the other gift-giving holidays this winter, according to some estimates.
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U.S. holiday shoppers continue to turn to the Internet when searching for presents for family and friends, according to data released Thursday by VeriSign.