TechTaffy

tech:

taffy

We Spent $35.3 Billion Online On Holiday Shopping!

995 views

[Techtaffy Newsdesk]

We have spent $35.3 billion online (so far) on holiday shopping. Last week (ending Dec. 25) alone, we bought $2.8 billion of stuff online. $1.25 billion spent on Cyber Monday ranked as the heaviest online spending day of the season for the second consecutive year.

According to a comScore study, digital content and subscriptions accounted for 2.8 per cent of retail e-commerce sales for this holiday season. On Christmas Day, the category accounted for more than 20 per cent of sales. Over the past several years, there have been a dramatic increase in Christmas Day purchases of digital content and subscriptions, a retail category that includes digital downloads of music, TV, movies, e-books and apps. This is because many of us get new smartphones, tablets, e-readers, and gift certificates for Christmas, and we spend a large part of the day loading up our devices with new content.

The 2011 holiday season began November 1. So far, we have spent 15 per cent more than last year.

 

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.
Uncategorized

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.