US Holiday Online Shopping Up 24 Pct

US Holiday Online Shopping Up 24 Pct

US Holiday Online Shopping Up 24 Pct
By: Reuters


Fri Dec 31, 2004 12:36 PM ET

SAN FRANCISCO (Reuters) - 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: Quote, Profile, Research) said on Thursday.

VeriSign, a maker of authentication tools and services for Web sites, said the final five shopping days during the week of Dec. 20 accounted for $1.5 billion in online purchases.

VeriSign's statistics for the period from Thanksgiving, on Nov. 25, through Dec. 27 were based on online sales processed through VeriSign Payment Services, which VeriSign says handles more than 35 percent of all North American e-commerce and represents around 120,000 online retailers.


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