E-commerce the way forward for retailers
18 January 2008
The latest figures released for 2007 show that Internet shopping made up 15p in every pound of retail spending. Online sales leapt to a record £46.6bn in 2007, up 50% on the previous year! These figures provide firm evidence that consumer confidence in Internet shopping is rapidly increasing and provides very exciting prospects for online retailers. Reports also suggest that virtually all growth in retail is now online and the Internet has now become 'dynamo' for retailers. On Christmas day alone, some 4.5 million people across the UK bought goods online worth a staggering £84m, up 269% on the previous year! Online retail has never been better and provides real opportunities to retailers looking to expand their business and increase profits.
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