Online shopping is up 13 percent so far this holiday season

Originally posted on VentureBeat:

online shopping sales

Online shopping is up 13 percent to $33.8 billion in the first 44 days of the holiday shopping season, according to market researcher comScore.

The fast growth of online shopping has been consistent for years now, as electronic commerce steals market share from physical retail stores, which typically grow sales at single-digit rates, if at all, during the holidays. The most recent work week saw four individual days eclipse $1 billion in U.S. online spending.

December 8, known as Green Monday, saw a 13 percent sales increase to $1.275 billion, up from $1.133 billion a year ago. The biggest sales day so far was Cyber Monday ($1.465 billion), or Nov. 26, the first weekday following Black Friday (Nov. 23) sales. Cyber Monday is when online retailers give big discounts to spur sales.

“This past workweek saw four days surpass the billion dollar spending threshold during the heaviest five-day online…

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