CardTrak.com - Most Trusted Source of Credit Cards Since 1986

Online consumer retail spending and online travel spending topped $117 billion last year, a 26% gain over 2003. During the recent holiday season, consumers racked up $15.8 billion in online retail sales and $7.8 billion in online travel sales, a 29% and 28% year-over-year gain, respectively. comScore Networks says its research shows that a group of 25 multi-channel retailers, or those conducting sales both online and offline, posted an aggregate year-over-year growth rate that was approximately twice that of online retail in total. comScore Networks noted that through December, holiday season growth was tracking at 23% but it accelerated dramatically during the weeks ending December 19 and December 26, with sales growing by 57% and 53%, respectively.