online retail spending soared 10% to $34 billion in the first quarter — the
largest quarterly jump in nearly two years.
The growth was driven primarily by
consumers with annual household incomes above $100,000.
spending gains provide reason for optimism, we should note that upper-income
households are currently shouldering much of the growth," said Gian
Fulgoni, the chairman of comScore.
"Should the economy falter in the second
half of the year and upper-income consumers return to a savings mode, we could
still see growth decelerate. But for the time being, this momentum is