Recent research reveals that on-line spending in America in the first quarter of 2010 is up 10% on last year to $34 billion. The comScore findings also showed:

* Growth was mainly driven by upper-income consumers. Those with a $100,000-plus household income spent 14% more.

* Larger on-line retailers continued to generate higher growth rates than smaller retailers, but the smaller retailers are seeing some positive growth once again.

comScore chairman Gian Fulgoni is reported as saying: “The first quarter returned the US retail e-commerce market to healthy double-digit growth rates.

“While these spending gains provide reason for optimism, we should note that upper-income households are currently shouldering much of the growth.

“Should the economy falter in the second half of the year and upper-income consumers return to a savings mode, we could still see growth decelerate. But for the time being, this momentum is encouraging.”

Could this spell good news for Britain, too? We hope so.

Tags: online retail, online shopping

This entry was posted on Wednesday, June 2nd, 2010 at 10:01 am and is filed under Business, Ecommerce. You can follow any responses to this entry through the RSS 2.0 feed. Posted by WebCreationUK You can leave a response, or trackback from your own site.