Continuing Growth Forecast For US Consumer Spending on Online Deals

US consumer spending on online deals (e.g. daily deals, instant deals and flash sales) will reach $3.6 billion this year, up from last year’s $1.8 billion, according to a September 2012 report by BIA/Kelsey. Spending is expected to grow another 23% next year to reach $4.4 billion, although growth will then slow as the industry matures, with spending only increasing another 25% over the following 3 years. (more…)