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Online Retail Spending Grew By 10% In Q1 Over Last Year By Shawna Fennell comScore, Inc.(NASDAQ: SCOR), a leader in measuring the digital world, today released its Q1 2010 U.S. retail e-commerce sales estimates, which showed that online retail spending neared $34 billion for the quarter, up 10 percent versus year ago. The strong acceleration represented the first time growth rates reached double-digits since the second quarter of 2008. "The first quarter returned the U.S. retail e-commerce market to healthy double-digit growth rates," said comScore chairman Gian Fulgoni. "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." Continue Reading

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