Feeds

Online sales increase

Good news for etailers

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

One in ten of all credit card payments in the UK is now made online, according to the latest research from the Association for Payment Clearing Services (APACS).

The number of credit card payments made online has shot up five-fold since 1999 as punters increasingly use the Net to buy books, CDs, computer gear, holidays, financial services and groceries.

In the virtual world, men out-shop women with 35 per cent of blokes making eleven or more purchases in the second half of 2003, compared to only 27 per cent of women.

The new APACS data also shows that the UK's Net users are becoming increasingly dependent on the Wibbly Wobbly Web with almost 13m customers using Internet banking in 2003.

Sandra Quinn, APACS Director of Corporate Communications said: "It's no real surprise that the Internet is being used by more of us more of the time to shop and bank. It's convenient, secure and ideally suits the time-poor society we live in."

News that Internet-related spending is on the up should be good news for online retailers. However, recent research suggests that online retailers are still facing a battle of confidence with consumers as "etailers" face an uphill struggle to convince punters that shopping online isn't just about picking up a bargain.

According to Mintel, the single most important reason for consumers to shop online is price while the importance of stuff like reputation and brand comes way down the list.

Not only does this price fixation hit large retailers, it's especially difficult for smaller etailers that don't have the efficiencies of scale available to some of the larger players. ®

Related stories

Etailers face tough times
Security fears holding back online travel market
Brits fear online shopping

Beginner's guide to SSL certificates

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.