Risk
12/27/2010
01:23 PM
Connect Directly
RSS
E-Mail
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, September 16, 2014
Malicious software is morphing to be more targeted, stealthy, and destructive. Are you prepared to stop it?
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-0993
Published: 2014-09-15
Buffer overflow in the Vcl.Graphics.TPicture.Bitmap implementation in the Visual Component Library (VCL) in Embarcadero Delphi XE6 20.0.15596.9843 and C++ Builder XE6 20.0.15596.9843 allows remote attackers to execute arbitrary code via a crafted BMP file.

CVE-2014-2375
Published: 2014-09-15
Ecava IntegraXor SCADA Server Stable 4.1.4360 and earlier and Beta 4.1.4392 and earlier allows remote attackers to read or write to arbitrary files, and obtain sensitive information or cause a denial of service (disk consumption), via the CSV export feature.

CVE-2014-2376
Published: 2014-09-15
SQL injection vulnerability in Ecava IntegraXor SCADA Server Stable 4.1.4360 and earlier and Beta 4.1.4392 and earlier allows remote attackers to execute arbitrary SQL commands via unspecified vectors.

CVE-2014-2377
Published: 2014-09-15
Ecava IntegraXor SCADA Server Stable 4.1.4360 and earlier and Beta 4.1.4392 and earlier allows remote attackers to discover full pathnames via an application tag.

CVE-2014-3077
Published: 2014-09-15
IBM SONAS and System Storage Storwize V7000 Unified (aka V7000U) 1.3.x and 1.4.x before 1.4.3.4 store the chkauth password in the audit log, which allows local users to obtain sensitive information by reading this log file.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
CISO Insider: An Interview with James Christiansen, Vice President, Information Risk Management, Office of the CISO, Accuvant