Talking turkey--online shopping jumps

E-commerce shoppers pushed sales up by double digits over the holiday weekend, taking ample time out from feasting and family activities to spend money online, according to companies that monitor Internet sales.

Online shopping jumped more than 32 percent year-over-year in the two days following Thanksgiving, and it accounted for 7.7 percent of all transactions on Visa credit cards during that period, according to Visa USA. But the larger surge in Visa-related e-commerce transactions came on Thanksgiving Day, according to the Visa report.

E-commerce sales rose 41 percent, to $205 million, and accounted for 13 percent of all Visa-related transactions on Thanksgiving Day, according to Visa.

"Online shopping was higher than I anticipated for Thanksgiving Day. It showed more people snuck away from the dinner table to do online shopping," said Brad Nightengale, vice president of emerging products for Visa. "The 41 percent increase was significantly higher than any other day since Oct. 31, when holiday shopping began."

E-commerce holiday shopping is also anticipated to peak earlier this year, given the sales trend to date, Nightengale said.

Last year, a peak of $481 million e-commerce transactions was reached on Dec. 1. This year, that figure was nearly matched on Nov. 15, when $461 million Visa-related transactions were processed.

Shopping on company time
Holiday e-commerce sales are expected to further accelerate this week because shoppers tend to spend more time online during the weekdays than they do on weekends, when they can leisurely stroll through malls and stores, Nightengale said.

In the week before the Thanksgiving holiday, 58 percent of e-commerce purchases, excluding travel, occurred at work, according to ComScore Networks, a research firm that tracks human behavior. Forty-seven percent of online spending occurred between 1 and 5 p.m. during that period, according to ComScore.

Employers take note: Only 9 percent of online spending occurred during the lunch hour, ComScore said.

eBay enjoyed the highest number of unique visitors the day after Thanksgiving--known as Black Friday by retailers--according to Nielsen/NetRatings. The e-commerce titan drew 9.5 million unique visitors, followed by Amazon.com with 4.6 million visitors and Wal-Mart Stores with 3.4 million.

Online shoppers snapped up toys and video games, the fastest-growing retail category, according to Nielsen/NetRatings. Visitors to toy and video game Web sites rose 152 percent from the week of Nov. 18 to the week of Nov. 25.

"The toys and video games category experienced the largest increases in traffic, fueled by the release of the Xbox 360 and the continued popularity of portable game consoles," Heather Dougherty, a Nielsen/NetRatings senior analyst, said in a statement.

Sites devoted to consumer electronics, as well as to computer hardware and software, also posted a triple-digit jump, with visitor increases of 142 percent and 102 percent, respectively, according to Nielsen/NetRatings.

More from News.com on this story's topics

E-commerce

Create an email alert | RSS feed

Sales

Create an email alert | RSS feed

Retail

RSS feed

Games

Create an email alert | RSS feed

VISA INDUSTRIES INC

RSS feed

See more CNET content tagged:
Visa International, e-commerce, Nielsen/NetRatings, ComScore, Turkey

Powered by Jive Software
advertisement
RSS Feeds
Add headlines from CNET News.com to your homepage or feedreader.
Google
Yahoo
MSN
More feeds available in our RSS feed index.

Latest tech news headlines

Most Popular Stories
Google's search secret: It gets rid of you
Developer creates copy-paste tech for iPhone
Will Wright on the origins of 'Spore'
Palm Treo Pro: Not digging it
American Airlines launches in-flight Wi-Fi
Resource center from News.com sponsors
Aligning CIO & CEO visions
What CIOs need to know

It's a simple truth. The closer you and your CEO see things, the greater your chance for success. Our exclusive report can help you get there—and help your business grow. To get the report, featuring the views of 765 CEOs on innovation. click here

Click Here!
What CEOs think: Innovation Insights for CIOs

Learn How CIOs can deliver strategic success for their enterprises

The New CIO: Beyond Technology

Learn how CIOs become heroes

Podcast: Chris Gorog of Napster

Learn about the impact of technology in strategy execution

The future of the Enterprise

Read more about tomorrow's organization

Markets

Market news, charts, SEC filings, and more

Related quotes

VISA INDUSTRIES INC (0.00%) 0.00 0.38
Dow Jones Industrials (0.11%) 12.78 11,430.21
S&P 500 (0.25%) 3.18 1,277.72
NASDAQ (0.00%) 0.00 1,816.15
CNET TECH (-0.11%) -1.71 1,629.09
  Symbol Lookup
advertisement
On MovieTome: SEX AND THE CITY clips are here!
Advanced
search
Advanced
search
Visit other CBS Interactive sites