WVEL Money Scope: Holiday Shoppers Spent Record Amount Online

(Photo By Flickr User Jason Flores)

 

Shoppers spent a record amount online during the holiday season.

That’s according to Adobe Analytics, which reports online shopping during the holiday season reached $108.2 billion, up almost 15 percent from $94.4 billion the year before.

The research arm of software maker Adobe says more than a third of online holiday revenue came from purchases made on smartphones or tablets.

Adobe Analytics says people likely spent more due to low unemployment rates and a strong stock market.

On last week, the National Retail Federation said in-store and online holiday spending rose 5 1/2 percent, the strongest gain since the Great Recession.

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