Economic slowdown hits online merchants

Think online merchants won’t be affected by the economic slowdown? New statics from comScore indicate that online merchants are starting to see a slowdown in sales.

ComScore today reports that for the first 23 days of November, e-commerce spending (excluding travel, auctions and large corporate purchases) was down 4% from the same period last year. ComScore Chairman Gian Fulgoni said that “with consumer confidence low and disposable income tight, the first weeks of November have been very disappointing.”

If online merchants are having bad results in November, you can expect disappointing results for online merchants this holiday season.