E-Commerce Spending Accelerates In Recent Weeks (AMZN, OSTK, EBAY)

comScore (Nasdaq: SCOR) reported that e-commerce spending has recently accelerated as the compressed shopping season increases urgency to spend money in a shorter time-frame

comScore reported its tracking of holiday season retail e-commerce spending for the first 37 days of the November - December 2008 holiday season. For the holiday season through December 7, $15.63 billion has been spent online, essentially the same level compared to the corresponding days last year. During the first week since Cyber Monday (December 1 - December 7), sales totaled $4.45 billion, up 7% versus year ago.

"Cyber Monday kicked off a week of modest growth in online spending, and, hopefully, reflects what will occur over the final weeks leading up to Christmas," said comScore chairman Gian Fulgoni. "The compressed shopping period between Thanksgiving and Christmas this year means that there is now a
greater sense of urgency in order to get all of one's shopping completed in time. With many consumers likely to rely on the convenience of online shopping in these final weeks, I hope to see this positive momentum continue as we count down the days to Christmas."

This rush to buy goods earlier in the season may prove beneficial for companies like Amazon.com (Nasdaq: AMZN), Overstock.com (Nasdaq: OSTK) and eBay (Nasdaq: EBAY). These companies could use the additional cash flow they are earning earlier in the season to earn additional interest on their monies.

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Overstock.com, Inc. is an online closeout retailer offering discount brand name merchandise.
Amazon.com, Inc. (Amazon.com) operates retail Websites, which enables its consumer customers to find and discover anything they might want to buy online.
eBay Inc. (eBay) provides online marketplaces for the sale of goods and services