In this morning’s industry note, Piper Jaffray feels confident with its prediction of 5% year over year growth for eCommerce sales during the 2009 holiday shopping season based on easy y/y comparisons, the snow storm, comScore’s 4% Holiday Shopping 2009 growth numbers, and Coremetrics’ 6% Holiday Shopping 2009 growth numbers.
Coremetrics also reported extremely strong numbers for late last week:
-
-Online retail sales from Mon., Dec. 14 – Sun., Dec. 20, 2009 were up 14.6 percent compared to Mon., Dec. 15 – Sun., Dec. 21, 2008 (year-over-year).
-Online retail sales for Fri., Dec. 18, 2009 and Sat., Dec. 19, 2009 were up 24 percent compared to Fri., Dec. 19 and Sat., Dec. 20, 2008.
-Online retail sales for Sun., Dec. 20, 2009 were up 20 percent from Sun., Dec. 21, 2008.
I think some of this could be because of the snow storm that blanketed the East coast. Usually the last week tapers off a bit more due to shipping deadlines.
Back to PJ’s report, Gene Munster’s group is now predicting “8% retail eCommerce sales growth in 2010 as the economy improves and retail share gains reaccelerate.”
Advertisement
this is great news.
I think it will continue to grow more and more.I have about 4 E-commerce stores and anytime I hear news like this I get super pumped.
It is so much easier to shop online, and as time goes on I think it will continue to grow.