Online shopping growth continues

Saturday, 2 August 2008

E-commerce websites are continuing to increase in popularity among UK consumers for shopping purposes, the latest IMRG Capgemini e-Retail Sales Index has shown.

New figures for the first half of 2008 revealed that more than £26.5 billion was shelled out by Britons on purchases made via an e-commerce website during the period, up 38 per cent compared with last year.

According to Mike Petevinos, head of retail consulting for Capgemini UK, this growth - which means that 17p of every shopping pound is now spent online - looks set to continue into the future.

He noted that as the online medium grabs more market share, retailers are likely to change their business models to reflect this.

"We have seen this happen for books, music/DVDs and electricals and as the industry as a whole reaches this tipping point in 2008, more categories are sure to follow," he remarked.

July 21 2008

Source  Bluhalo

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