Online shopping rises to $30.1 billion

ROCHESTER, N.Y. – Online shoppers during the just-completed holiday season drove sales in the channel 30 percent higher than last year to $30.1 billion, according to a newly released report.

The results from the fifth annual Holiday eSpending Report offered further evidence that Internet retailing is on a steady incline and high in the minds of time-starved, tech-savvy shoppers. Conducted in conjunction by Goldman Sachs, Nielsen/NetRatings and Harris Interactive, this study covered the shopping period from Oct. 29 to Dec. 23.

“Consumers continue to shop later in the online holiday season as their trust in on-time delivery grows,” said Anthony Noto, Internet and entertainment analyst, Goldman Sachs. “While 2005 holiday sales appear to be at the high end of expectations, continued heightened competition could hurt profitability.”

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!