Online shopping saw a massive spike in online sales last month, up 80% compared to July 2006.
Online sales were actually a huge £1.86 billion higher than they were in July 2006.
Other facts that may be of interest to all you shopping cart owners:
- The IMRG Index exceeded 4000 for the first time, suggesting that UK e-retail sales had exceeded £4 billion in a month for the first time (£4.2bn).
- In the high street, the average value of weekly sales in July was £5 billion, 3.3% higher than July 2006.
- The highest sales growth was in electrical goods, according to National Statistics Online
- Clothing sales were also strong online: the IMRG Clothing / Footwear / Accessories Index was 56% higher than a year earlier
- Annual growth for: Jan = 16.5%; Feb = 34.7%, Mar = 40.9%, Apr = 54.4%; May = 48.0%; Jun = 55.1%.
Why such a huge annual growth?
- Very wet weather - The rubbish UK summer has encouraged people to travel abroad - encouraging many people to shop last minute online. It’s also forced many people into replacing water-damaged goods.
- More competitive online prices
- Detailed product information available
- Ease of the buying process
- New customers as a result of strong uptake on domestic broadband
- Increased confidence encouraging repeat online buying.