Report: Online Holiday Spending to Increase

Nov. 8, 2010, an alternative online payment method, said 38 percent of consumers plan to spend more online for holiday gifts this year, a nine percent increase over last year. According to the eBillme Online Spending Index, a quarterly survey conducted by Javelin Strategy & Research detailing consumer spending trends online, 69 percent of consumers surveyed stated they will buy at least one gift card for the holidays this year. Consumers were also surveyed about when and where they planned to shop. 11 percent of participants plan to do most of their holiday shopping on Cyber Monday, while 48 percent plan to avoid Black Friday shopping in favor of shopping online. “We will see an increase in shopping online this year which will put Internet retailers in a better position to attract customers and sales. Although consumers are still spending cautiously because of economic uncertainty, the online shopping increase is a positive sign that consumer confidence is on the rise.” said Samer Forzley, vice president of marketing at