Myce.com Latest Updates

Electronics & computer hardware are the best-selling online products

Posted at 10 August 2011 03:00 CEST by Justin_Massoud

One encouraging sign for a country recovering from a recession is when consumers start snapping up products again. Though the U.S. is not out of the woods yet, a new report provides some happy news for at least one aspect of the economy. People are buying gadgets, tablets and computer software in droves according to a new report. Formerly atypical cyber shopping continues to expand and turn profits for e-commerce businesses.

Computer Monitor by florisla

Research firm comScore divulged U.S. residents spent over $37 billion online in the second quarter of 2011 – a 14 percent increase from last year. The figure also marks nearly a year of positive growth for the e-commerce retail industry, said the group. Prior to the 2009 holiday season, cyber sales slumped.

Gian Fulgoni, comScore chairman, believes this is a sign of things to come for online retailers.

“It’s clear that consumers are continuing to shift to the online channel, with almost $1 in every $10 of discretionary spending now occurring online,” said Fulgoni. He posited that “convenience and lower prices” remain key draws for discerning consumers.

Consumer electronics, computer hardware and computer software (in that order) topped the report as the three best-selling categories among online buyers. The bulk of spending was done at popular sites such as Amazon. Indeed, comScore revealed just 25 retail sites garnered around 66 percent of total online spending. The increase is believed to be the result of a boost in the number of online consumers, which is estimated to have grown 16 percent.

Fulgoni was hesitant to claim this as an overall victory, however.

“With economic growth remaining soft, the unemployment rate stubbornly high and financial markets in turmoil, consumers are less optimistic today than they have been in preceding quarters, which raises concerns for the future,” he said. “We believe the third quarter will be an important indicator of which direction this economy is really headed and what that will mean for consumer spending.” (via Home Media Magazine)

There are 0 comments

Post your comment

You need to register before you can comment

Like us

Most popular headlines

Microsoft OneDrive for Business modifies files as it syncs

While we often hear about privacy concerns with storing data in the cloud such a...

WZOR leaks info about Windows 8.2, Windows 9 and cloud based OS

Russian pirate group WZOR leaked additional information about Windows 9 and anot...

Toshiba claims world's fastest MicroSD card with 4K support

Toshiba claims it has developed world’s fastest microSD cards. The cards a...

Toshiba HG6 SSD Review - A19nm NAND makes an entrance

  Review: Toshiba HG6 256GB SSD Reviewed b...

Nexus 5 running Android 4.4.3 screenshot leaks

The Chromium issue tracker reveals a screenshot of a Nexus 5 running Android 4.4...

See all headlines

Community Activities

prashpendu started new forum thread Xperia Z1 binding problem
vroom posted a reaction to Time so say hi :-)
meanone2 started new forum thread problem decryption
alan1476 posted a reaction to CCleaner & Updates
Follow Myce.com