Risk
12/27/2010
01:23 PM
50%
50%

Online Holiday Shopping Surges 15%

Mobile phones accounted for a larger share of the $36.4 billion consumers spent in November and December.

Best Mobile Apps For Busy Professionals
(click image for larger view)
Slideshow: Best Mobile Apps For Busy Professionals
Online holiday shopping roared ahead in 2010, as consumers spent 15% more than they did in the previous year. The growth was also fueled by consumers shopping using mobile phones in a big way for the first time.

MasterCard Advisors SpendingPulse said online retailers reported online sales of $36.4 billion between Oct. 31 and Dec. 23 versus the $31.5 billion that was reported in the same period last year. SpendingPulse, which measures various payment activities including online, cash, and check, said that apparel sales showed a big jump. Online apparel purchases hit 18.9% of total clothing sales this year, a 25.7% gain over last year's figures.

"This is the season of the sweater," SpendingPulse's VP for research and analysis Michael McNamara, told reporters. "What is driving this is that apparel sales online are doing well in general, represented by a shift from brick-and-mortar stores. The weather has helped, too."

Online retailer Amazon said its current Kindle model is the best-selling product in its history. Amazon bombarded its e-mailing lists with promotional offers, including free shipping, to the point that many were annoyed by the steady Amazon sales drumbeat.

In the end, everybody got into the act, from department stores and other large retailers, to traditional online shopping sites like Amazon and eBay. An Amazon mobile phone shopping app that allows shoppers to scan bar codes for pricing data helped consumers become more comfortable with ordering online with their cell phones. eBay's acquisition of app developer Critical Path Software helped the shopping and auction company attract more mobile phone users this year.

In recent years, consumers have used their mobile phones to find store locations and check pricing of items, but that has proved to be a double-edged sword for some large retailers, which are finding that some online shopping services are sending shoppers to discount sites where they can purchase items for less online than in their bricks-and-mortar stores.

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Dark Reading December Tech Digest
Experts weigh in on the pros and cons of end-user security training.
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-4807
Published: 2014-11-22
Sterling Order Management in IBM Sterling Selling and Fulfillment Suite 9.3.0 before FP8 allows remote authenticated users to cause a denial of service (CPU consumption) via a '\0' character.

CVE-2014-6183
Published: 2014-11-22
IBM Security Network Protection 5.1 before 5.1.0.0 FP13, 5.1.1 before 5.1.1.0 FP8, 5.1.2 before 5.1.2.0 FP9, 5.1.2.1 before FP5, 5.2 before 5.2.0.0 FP5, and 5.3 before 5.3.0.0 FP1 on XGS devices allows remote authenticated users to execute arbitrary commands via unspecified vectors.

CVE-2014-8626
Published: 2014-11-22
Stack-based buffer overflow in the date_from_ISO8601 function in ext/xmlrpc/libxmlrpc/xmlrpc.c in PHP before 5.2.7 allows remote attackers to cause a denial of service (application crash) or possibly execute arbitrary code by including a timezone field in a date, leading to improper XML-RPC encoding...

CVE-2014-8710
Published: 2014-11-22
The decompress_sigcomp_message function in epan/sigcomp-udvm.c in the SigComp UDVM dissector in Wireshark 1.10.x before 1.10.11 allows remote attackers to cause a denial of service (buffer over-read and application crash) via a crafted packet.

CVE-2014-8711
Published: 2014-11-22
Multiple integer overflows in epan/dissectors/packet-amqp.c in the AMQP dissector in Wireshark 1.10.x before 1.10.11 and 1.12.x before 1.12.2 allow remote attackers to cause a denial of service (application crash) via a crafted amqp_0_10 PDU in a packet.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Now that the holiday season is about to begin both online and in stores, will this be yet another season of nonstop gifting to cybercriminals?