Holiday Season Online Spending Reaches $26.8 Billion

Holiday Season Online Spending Reaches $26.8 Billion

 Holiday Season Online Spending Reaches $26.8 Billion
Online spending for the first 42 days of the November–December 2011 holiday spending season has reached $26.8 billion, up 15 percent compared to the corresponding days last year, and online spending for the week ending Dec. 11 totaled $6.1 billion, also up 15 percent compared to last year, according to a comScore report. Online spending on Green Monday, Dec. 12, reached $1.13 billion, a 19 percent increase compared to last year, marking the third heaviest spending day of the season. Digital content and subscriptions rank as the fastest-growing online retail category for the holiday season to date, while consumer electronics ranked third and event tickets ranked 10th. (12/14)

CMA Donates $10 Million To Country Music Hall Of Fame
The Country Music Association has made a $10 million pledge to the Country Music Hall of Fame and Museum in Nashville. The pledge will go toward the museum's $75 million expansion campaign, which includes doubling its size to a 350,000-square foot facility that will include the 800-seat CMA Theater, and marks the largest single gift in the museum's history. The expansion project is expected to be completed in 2014. (12/14)

ITunes Launches In Latin America
Apple has launched its iTunes Store in 16 Latin American countries, including Argentina, Brazil, Colombia, Costa Rica, Dominican Republic, Guatemala, and Venezuela, among others. ITunes landed in Mexico in 2009. (12/14)

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