2008 Holiday Spending Growth and Decline
Friday, January 9th, 2009Growth in Holiday Spend? Where?
According to comScore, the fastest growing online category in the 2008 holiday season was sports and fitness. This category grew 18 percent compared to 2007 as consumers were more inclined to purchase higher priced fitness machines online instead of offline.
Sports and Fitness was followed by Video Games (14 Percent Growth Year over Year) and Apparel & Accessories. All other categories unfortunately saw a drop in growth due to consumers curbing their purchasing due to the poorer economic conditions.
| Online Spending for 2008 Holiday Season (does not include travel) | |
| Category | Year over Year Change |
| Sport & Fitness |
18% |
| Video Games, Consoles |
14% |
| Apparel & Accessories |
4% |
| Books & Magazines |
-1% |
| Consumer Electronics |
-5% |
| Flowers, Greetings & Gifts |
-7% |
| Toys |
-7% |
| Computer Hardware |
-8% |
| Home, Garden & Furniture |
-14% |
| Event Tickets |
-18% |
| Jewelry & Watches |
-24% |
| Computer Software (Excl. PC Games) |
-24% |
| Office Supplies |
-30% |
| Music, Movies & Videos |
-32% |
| Source: comScore, Inc. (Dec. 1-24, 2008 vs. Nov. 26 - Dec. 19, 2007) | |
Who is Spending More?
Growth in online spending occurred in households with income over $100,000 (7% Growth), while all other income segments showed declines in online spending. $50,000-$99,999 Household Income Consumers showed a -8% Growth Rate, while those under $50,000 showed a -13% Growth Rate in Spend.
Paul Lee
Director of Online Marketing
LeadQual - SEM

