This week, digital marketing research firm comScore indicated in a report that ecommerce spending in Q4 2010 came in at a record $43.4 billion, up 11 percent over the same three month period in 2009.
This marks the fifth consecutive quarter of positive gains for retail ecommerce spending, with Computer Software, Consumer Electronics, Books & Magazines, Computers/Peripherals/PDAs, and Toys & Hobbies all posting growth of 15 percent or more.
Increasing growth trails back to Q4 of 2009, which up to that point had seen four consecutive quarters of negative or flat ecommerce spending. But the report notes that the last three months of 2010 saw a boost in consumer confidence, along with enterprise ecommerce sites increasing discounts and promotions, to help produce a record-breaking quarter. And let us not forget the most recent Cyber Monday, which became the first day to ever surpass a billion dollars in online spending.
Get your marketing dollars ready and tune up your campaigns, if the trend continues on its current path, 2011 ought to be to be a pretty good year to have your ecommerce site in good working order.
Whether you’re a small business working to capture market share, or an enterprise ecommerce powerhouse looking to hit a new stride, Hot Wax Media specializes in a variety of customizable ecommerce solutions that can help you increase efficiency, conversion, and sales. Not a bad idea when the forecast for the year looks as bright as it does. Contact us today.
Jared Matkin is a staff writer for HotWax Media with a background in PR, Branding and Marketing. He’s also a light-hearted and an opinionated character who will join other HotWax Media employees and advisers in periodically posting his thoughts on topics ranging from enterprise eCommerce to business and technology.
HotWax Systems is the leading global service provider for Apache OFBiz application development, and creators of HotWax Commerce, the world’s leading open-source Unified Commerce Platform. In 2017, HotWax Systems expanded its portfolio to include a full set of consulting services and custom business solutions based on the Moqui Ecosystem of open source projects.