Late Tuesday, research firm comScore (SCOR) reported that online holiday spending tumbled 3% from the previous year, marking the first decline in seasonal spending since comScore began tracking the data in 2001. "The combination of having 5 fewer shopping days between Thanksgiving and Christmas and the severe economic headwinds faced by consumers has made this a really tough season for retailers, both offline and online," said Chairman Gian Fulgoni.
Checking in on specific e-tailers, eBay
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weighed in as the most heavily trafficked site, with 85.4 million visitors. However, eBay's number was actually down 3.9% on a year-over-year basis. Target Corp. (TGT) also saw a traffic slump, with visitors down 1.1% to 46.8 million.
A number of sites fared better by racking up yearly improvements in holiday-season traffic. Amazon.com
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welcomed 76.2 million visitors, up 7.4% from a year ago, while Apple Inc. (AAPL) enjoyed a 19% spike to 35 million visitors. Dow component Wal-Mart Stores (WMT) experienced a 3.9% gain to 51.5 million customers.
Despite the mixed results, shares of all these retailers are on the upswing today.
Copyright Schaeffer's Investment Research http://www.schaeffersresearch.com