Viart Shop

Online shopping saw a massive spike in online sales last month, up 80% compared to July 2006.
Online sales were actually a huge £1.86 billion higher than they were in July 2006.

Other facts that may be of interest to all you shopping cart owners:

• The IMRG Index exceeded 4000 for the first time, suggesting that UK e-retail sales had exceeded £4 billion in a month for the first time (£4.2bn).
• In the high street, the average value of weekly sales in July was £5 billion, 3.3% higher than July 2006.
• The highest sales growth was in electrical goods, according to National Statistics Online
• Clothing sales were also strong online: the IMRG Clothing / Footwear / Accessories Index was 56% higher than a year earlier
• Annual growth for: Jan = 16.5%; Feb = 34.7%, Mar = 40.9%, Apr = 54.4%; May = 48.0%; Jun = 55.1%.

Why such a huge annual growth?

• Very wet weather - The rubbish UK summer has encouraged people to travel abroad - encouraging many people to shop last minute online.  It’s also forced many people into replacing water-damaged goods.
• More competitive online prices
• Detailed product information available
• Ease of the buying process
• New customers as a result of strong uptake on domestic broadband
• Increased confidence encouraging repeat online buying.

This entry was posted on Wednesday, August 22nd, 2007 at 3:24 pm and is filed under Ecommerce and Small Business News, Ecommerce News, Online Shopping. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.