Online retailers can thank the Northeast blizzard for a last minute blizzard of sales. U.S. online holiday 2010 sales hit a record $30.8 billion. The last week of Christmas saw a 17% increase in sales when compared to the same week of the previous year. Jewelry was the top product category.
For at least this holiday season, the American consumer has been able to shrug off the continuing economic challenges of high unemployment rates and depressed housing prices and spend at a rate that has been slightly stronger than we had expected,” said comScore Chairman Gian Fulgoni