Online Spending Closes 2009 on a High Note

Paul Lilly

According to data released this week by comScore, a large number of you chose to do your shopping in cyber space rather than battle the crowds in November and December. The research firm noted a 4 percent spike to $29.1 billion in online spending, with Black Friday and the week leading up to Christmas being especially busy.

This was enough to beat out comScore's expectations, which the firm partially attributed to guaranteed shipping, discounting, and poor weather conditions. Electronics sold particularly well, jumping 15 percent, largely the result of heavily discounted TVs.

comScore Chairman Gian Fulgoni was encouraged by the results, but added that high unemployment and consumer debt levels could end up closing some wallets in 2010.

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