Online Spending Tops $100 Billion In 06

[HardOCP News]

It was a good year for online retailers this past year. It would seem that consumers not only spent a lot of money online during the holidays this year, they rest of the year was pretty good too. Overall, online shopping topped $100 billion last year, a 24% rise of the year before.

Without the need to visit shops in person, online shoppers spread their spending over a longer period. The Monday after Thanksgiving is traditionally one of the heaviest shopping days of the year for U.S. retailers, but in 2006 it was just another day. The $607.6 million spent on "Cyber Monday," Nov. 27, was surpassed on 11 other days before the end of the year.