13 Aug 2008
Internet sales will continue to grow and the web channel will claim more than half of the retail market pie by 2026, according to research.
The gloomy retail environment suffered from a 3.9 per cent sales slump in June, according to the Office for National Statistics. But on the flipside, wider access to broadband has generated record web sales of £26.5 billion this year so far.
Further reading
The trend will be sustained in the years to come, said the research carried out by UK comparison site uSwitch.
Yearly online sales are forecast to rise £163bn by 2020, which represents 44 per cent of the retail market. And the web will account for half of all retail sales by 2026.
Apart from access to broadband, the rising price of fuel is the main reason behind consumers’ inclination towards web shopping, with users spending an average of 1.6 hours each week buying on the internet, said the report.
Online sales in the UK were nearly 40 per cent higher in 2007 than Germany, as well as France, Italy and Spain, it added.
Have your say on this article
Newsletters
Latest stories from Ecommerce
Latest videos
You may also like
Ecommerce jobs
Technology Patent Wars
Case studies from large organisations across all sectors
... And rich media, and flexible working, and peaks in traffic ...
Upcoming Events
Join us for this Computing web seminar, in which the Head of BI at the Co-operative Group Nick Colebourn will be explaining just how he reigned in the Group’s sprawling database estate and how significant savings were realised and data quality improved as a result.
Date: 31 May 2012
Time: 11:00 AM
Live June 13th 11:00am: Register now. During this web seminar we will be looking at the sorts of incidents that can bring data centres grinding to a halt and what can be done about them.
Date: 13 Jun 2012
Time: 11:00 am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?
