Online accounted for 15p in every £1 spent in 2007
By Miya Knights,
Research out today shows record spending online over Christmas grew its share of UK retail spending to its largest ever, amounting to 15 pence in every pound.
The first figures to assess the growth of online shopping in the UK last year found full year sales had increased to £46.6 billion, up 54 per cent on the £30.2 billion recorded for 2006.
The Interactive Media in Retail Group (IMRG) and Capgemini e-Retail Sales Index also found £15.2 billion was spent online in October to December, with nearly 50 per cent higher levels of spending in the key December pre-trading Christmas period.
Anthoula Madden, Capgemini UK's consumer products and retail team vice president, said: "Online growth has proven robust and sustainable over the past year, increasing its share of UK retail from 10p in the pound to 15p."
"While we are yet to see High Street sales decline there can be no doubt online is growing its share at the expense of bricks and mortar retailers and we believe that this trend will continue," Madden said.
The research did also find that the rate of online shopping slowed towards the end of the year, with only 0.2 per cent increase in demand from November to December.
But Christmas shopping peaked in the first week of December, later than previous years. However, Christmas Day itself attracted four million shoppers online while the High Street was closed.
Madden added: "Online retailing is developing so quickly that those who do not yet have an online presence really will get left behind."
Electrical online retailers made the greatest gains over their High Street counterparts, seeing a 60 per cent gain in sales during December. This reflects the tough trading reported by High Street retailer with Currys and PC World, DSG International, who issued a profit warning earlier this month.
The clothing sector followed electrical goods with a 28 per cent sales increase on the same point last year and the beers, wines and spirits sector showed an increase of more than 20 per cent.
The IMRG Capgemini e-Retail Sales Index is compiled with analysis from Capgemini; data from UK payment services provider SecureTrading, which tracks millions of transactions from 1,500 UK online retailers; and traffic data from the digital market research firm eDigitalResearch, using a sample of over 250 million page views per month from leading UK retailers that have its survey code installed on their websites.
You may also like...
Sponsored Links
advertisement
You may also like...
Latest Networking Analysis & Insight
Welcome to the stay-at-home Olympics
Inside the Enterprise: The Government has warned of disruption, and the Civil Service is practising working from home. Could IT yet save businesses from chaos on an Olympian scale?
- Q&A: Cisco on servers, storage and strategy
- It's not about the browser, stupid!
- The Great British network squeeze
- New year: new suppliers
- Top 10 tech winners and losers of 2011
- 2011: The year in news
- UK rural broadband: too little, and too late
- HP PCs back on the menu with Dellish plans
- Top 10 social networking tips for enterprise - part one
Latest Networking Reviews
Swyx SwyxExpress X20 review
Rating: ![]()
- Ipswitch WhatsUp Gold Premium 15
- ForeScout Technologies CounterACT 6.3.4
- ThinPrint Printer Dashboard review: First Look
- TITUS Aware for Microsoft Outlook review
- Windows Phone 7 Mango review: First Look
- Dartware InterMapper review
- Kemp Technologies LoadMaster 3600 review
- Sangfor WANACC M5500 review
- Office 365 review: First look
advertisement
Most popular
- Google releases Chrome for Android beta
- Will someone rid me of these troublesome Macs?
- OneNote hits Google?s Android
- BlackBerry Bold 9790 review
- Google sends in Bouncer to sort out malicious apps
- Ubuntu vs. Windows 7 on the business desktop
- Who to trust after the VeriSign hack?
- Head to Head: Mac OS X 10.7 Lion vs Windows 7
- ACTA: the basics, the controversies, and the future
- BT considering Ofcom price cap appeal
Register for IT PRO
You'll get exclusive member benefits including free whitepapers, downloads, Webinars and weekly newsletters full of the latest IT PRO news, reviews, insight and expertise.



