Feeds

E-tailers tempt Brit shoppers off the street

Growth rate accelerates

  • alert
  • submit to reddit

Build a business case: developing custom apps

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

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.