According to Imran Khan, an analyst at JP Morgan, online shopping during the holiday season is up 22% over the same period for 2009. Khan uses a Chase Paymentech survey of 50 online retailers as his source.
Online shopping for 2009 was up 15% over 2008, making a positive trend for online retailers. Khan also noted December 15th through December 21st as the heaviest online shopping period. [BGR]
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