Feeds

UK ecommerce breaks £4bn a month

Report shows 80% more sales

Boost IT visibility and business value

July saw a massive jump in online retail, with sales rising 80 per cent on last year to a new all-time high, according to e-tail industry body IMRG.

The organisation's research indicates that UK online retail sales exceeded £4bn in a month for the first time.

IMRG reports that online sales for July totalled £4.2bn, £1.86bn higher than the figure for July 2006. By contrast, high street sales grew by just 3.3 per cent during July, according to National Statistics, to an average weekly value of £5bn, or roughly £20bn a month.

Jo Evans, managing director of IMGR said: "We were surprised by the strength of July's growth, so checked and rechecked the figures... then checked them again.

"This data is sound. It reveals the extent to which the retail sector is being transformed by frictionless ecommerce. Major brands are bringing on-stream the next generation of slick new internet retailing services, and consumers are flocking to use them. It's big players' success that is now driving e-retail growth and boosting the index."

Several factors contributed to July's very strong growth, including the very wet weather which inhibited travelling, encouraged people to shop online, and forced many people to replace water-damaged goods, according to IMRG. It also said many new-season catalogues are published at this time of year and their orders are now taken largely online. New or updated websites with greatly expanded product ranges, the continuing uptake in domestic broadband, and increasing consumer confidence were also cited as reasons for the surge in sales.

IMGR has been collecting sales data from numerous e-tailers since 2000.

Copyright © 2007, OUT-LAW.com

OUT-LAW.COM is part of international law firm Pinsent Masons.

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.