Feeds

E-tailers tempt Brit shoppers off the street

Growth rate accelerates

  • alert
  • submit to reddit

High performance access to file storage

British shoppers are being lured off the high street and onto the internet. Data from the Interactive Media in Retail Group (IMRG) reveals web shopping grew 30 per cent in April, the biggest year-on-year increase for seven months.

E-tailers benefited at the expense of bricks and mortar stores, IMRG said. The internet sales growth rate tripled from 13.4 per cent in February compared to a 4.2 per cent dip on the high street.

The report shows seven per cent of all retail activity took place online last month with net consumers spending £1.374bn.

James Roper, from IMRG, said: "This...data shows e-retail's resilience in tough trading conditions. It also signals that we are finally seeing the end of rip-off Britain.

"UK consumers know that many high street retailers have for years enjoyed very high profit margins while providing mediocre service, and they still have the impression that they are being ripped off by cartels using cynical price fixing methods.

"[Consumers] are voting with their keyboards for the convenience of shopping online with brands they trust and which consistently give good value and service."

IMRG predicts that by April 2010 online shopping will have expanded by 320 per cent, represent £60bn per year and account for 20 oer cent of all UK retail sales.

Official figures, released last week, showed high street sales increased 0.5 per cent in April.

IMRG's press release is here.

Copyright © 2005, Startups.co.uk logo

Related stories

Supreme Court okays net wine sales
Small firms surfing web to non-local markets
E-crime to rocket in 2005
Online stores 'pricing out' high street retailers
'Clicks and bricks' trick tempts window shoppers
Etailers fail ecommerce test

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.