Online UK Retail Sales Still Growing
Posted: 21st Feb, 2003 By: MarkJ
The Interactive Retail in Media Group (IMRG) has reported that online spending rose by roughly 5% during January'03 over December'02, taking it to 6% of the total retail market:
While mainstream retailing fell by 44% from £29.2bn in December to £16.5bn in January, according to the Office for National Statistics, online sales grew to £999.85m.
IMRG MD Jo Tucker said consumer interest stretched across a broad range of products and services: "Canny shoppers found bargains galore online, and waited for the January sales to make many purchases, thereby applying intense pressure on retail margins."
The netimperative.info item reports that overall UK e-tailer sales reached £1bn in turnover for the second month in a row.
While mainstream retailing fell by 44% from £29.2bn in December to £16.5bn in January, according to the Office for National Statistics, online sales grew to £999.85m.
IMRG MD Jo Tucker said consumer interest stretched across a broad range of products and services: "Canny shoppers found bargains galore online, and waited for the January sales to make many purchases, thereby applying intense pressure on retail margins."
The netimperative.info item reports that overall UK e-tailer sales reached £1bn in turnover for the second month in a row.
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