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BizReport : E-commerce : December 14, 2007

"Green Monday" sees ecommerce surge of $881 million

Black Friday, Cyber Monday and now Green Monday. These are the so-called Big Three; the days during the holiday shopping rush that will see the largest amounts of money spent. The term refers to the second Monday in December and it was certainly green this year - metrics firm comScore reports that $881 million (US) were spent on Green Monday 2007.

by Kristina Knight

comscore.gifAmericans aren't the only consumers spending online. In the UK and France consumers have embraced online shopping portals. UK shoppers have increased their online spending by 34% year over year while French shoppers have increased their spending by 27%.

“Online spending is following the pattern it first established last year, namely an accelerating growth rate as the season progresses,” said comScore Chairman Gian Fulgoni. “Consumers are clearly responding positively to the enticing promotions and discounts being offered by retailers this year, and spending is currently on track to meet our forecast of $29.5 billion for the season.”

To give these numbers even more weight, comScore reports that in the US, online shoppers spent just over $93 billion January through October, 2007. By the end of the holiday shopping season (November and December), researchers are predicting that shoppers will spend nearly $30 billion online.

Tags: ecommerce, etailing, online shopping

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