U.S. E-Commerce Spending Falls for Second Straight Quarter

Authored by Mark Hefflinger on November 6, 2009 - 8:46am.

Reston, Va. - For the first time on record, U.S. e-commerce spending has now seen negative growth for two straight quarters, according to new figures from comScore.

Online retails spending totaled $29.6 billion in the third quarter, down 2% from the same period a year ago.

That follows a drop of 1% in the second quarter.

"The good news is that these declines may finally be in our rear view mirror, as we anticipate marginally positive growth for the fourth quarter," said Gian Fulgoni, the chairman of comScore.

"With retailers gearing up for the online holiday shopping bonanza, and a fourth quarter that will include easier comparisons against year ago, we are hopeful that this Christmas season will be merrier than the last."

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