3 bln person-to-person financial transactions in 2008

US noncash person-to-person market in 2008 was $1.1 trln in over 3 bln transactions. Checks are in decline, but they remain the most significant person-to-person payment method, amounting to over $1 trln of the noncash P2P payments volume. In 2008, checks represented over $1.013 trln of the noncash P2P payments in the United States and cost financial institutions what TowerGroup estimates as $255 mln to process.

Fastest-growing Retail E-Commerce Categories in 2008

Retail Category YTY Percent Change
Video Games, Consoles & Accessories 29%
Home, Garden & Furniture 25%
Sport & Fitness 25%
Event Tickets 13%
Consumer Electronics 9%
Apparel & Accessories 4%
Computer Hardware -5%
Toys & Hobbies -7%
Books & Magazines -8%
Flowers, Greetings & Gifts -10%
Office Supplies -10%
Jewelry & Watches -12%
Computer Software (excl. PC Games) -18%
Music, Movies & Video -23%
Source: comScore

Traffic Growth to Top Retailer Sites in December 2008

  2007 2008 Percent Change
Total Internet 171,113 179,997 5%
eBay 88,894 85,442 -4%
Amazon Sites 70,975 76,240 7%
Wal-Mart 49,632 51,546 4%
Target Corporation 47,338 46,837 -1%
Apple Inc. 29,450 35,017 19%
Best Buy Sites 28,602 28,555 0%
JCPenney Sites 21,329 18,918 -11%
Toysrus Sites 19,817 18,075 -9%
Sears.com 18,010 18,413 2%
Circuit City Stores, Inc. 19,466 15,456 -21%
Overstock.com 18,911 15,951 -16%
AmericanGreetings Property 17,273 14,666 -15%
Hewlett Packard 15,217 19,425 28%
Dell 17,279 14,305 -17%
Macy’s Inc. 15,715 15,868 1%
Source: comScore

Growth in Dollar Sales of Retail E-Commerce Categories Since Cyber Monday, 2008

Retail Category Growth
Sport & Fitness 31%
Books & Magazines 18%
Video Games, Consoles & Accessories 17%
Apparel & Accessories 15%
Flowers, Greetings & Gifts 13%
Computer Hardware -3%
Computer Software (Excl. PC Games) -6%
Toys -7%
Consumer Electronics -9%
Event Tickets -13%
Home, Garden & Furniture -16%
Jewelry & Watches -17%
Office Supplies -19%
Music, Movies & Videos -24%
Source: comScore