Online Retail Spending Soars 15%

Boding well for the holiday season, new data shows that online retail shopping remained strong in the third quarter of the year. Year-over-year, online retail spending increased 15 percent to $41.9 billion in the third quarter, according to new estimates from comScore. That represented the 12th consecutive quarter of positive year-over-year growth, and eighth consecutive quarter of double-digit growth, comScore Chairman Gian Fulgoni said Wednesday.