Hitwise is reporting that Bing Shopping moved up to 4th place (from 8th) in the comparision shopping tools category last week, rising to 11% weekly market share. Combining the recent Double Cashback offer from retailers listed on Bing Shopping and the fortunate timing of the annual Back-to-School shopping rush has moved their weekly market share up from just 4% of visits prior to last week.
Overall, Hitwise reports that visits to Bing Shopping have increased 169% since the week ending June 6th (the week of the official Bing Shopping launch) – Bing confirms an 3x increase in visits from internal data during the same timeframe.
Also in that same timeframe, Yahoo! Shopping, Bizrate and Shopzilla, currently the top 3 shopping comparision engines, each saw a drop of 2-5% in market share. Meanwhile, the only other shopping search engines in the top 10 to experience an increase were NexTag and Pronto.
Bing.com was responsible for sending 18.32% of visits, of those, 66.81% were new visitors (had not visited in last 30 days) and traffic from MSN accounted for another 11.34% of visits. Of last week’s visits to Bing Shopping, Google sent 5.86% and Yahoo! Search sent another 3.54% – an interesting number to watch change in the coming months as the integration of Bing and Yahoo moves forward.
For additional numbers and data on upstream / downstream traffic related to Bing Shopping, read Heather Dougherty’s post at Hitwise.