December 3, 2003

Shoppers flocked to the Internet for their holiday gift shopping over the Thanksgiving weekend, ringing up $1.2 billion in total online sales, according to a report Wednesday.

ComScore Networks, an e-commerce market research firm based in Reston, Va., said total sales for the week ended Nov. 30 rose 25 percent over the same period a year ago.

Consumer electronics, software, home and garden products, and music saw the strongest sales, all with 40 percent to 70 percent growth over last year, the report said.

"With the full month of November in, the holiday season to date is up approximately 30 percent to $5.26 billion," the report said.

ComScore expects total online retail spending for the key holiday period of November and December to be up about 25 percent to 30 percent to between $12.1 billion and $12.6 billion.

Source: CNN fn.com

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