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econsultancy_xml

The group <a href="http://news.bbc.co.uk/1/hi/business/6690397.stm">estimates</a> that the etailing market for goods grew by 33.4% to £10.9bn last year, and will grow to £28.1bn, or about 8.9% of the UK's total retail sales, by 2011. However, it said the bulk of the growth would probably be generated by existing online consumers, rather than by more people starting to shop on the web. <blockquote> "Even with some retailers staying out of the market, online sales in the UK are set to triple in value," the report said. "By 2011, the typical spend of an online shopper will grow to £1,056 per year with the clothing and footwear, DIY and gardening, and food and grocery sectors achieving the fastest growth.” </blockquote> <a href="http://www.verdict.co.uk">Verdict’s</a> research focused purely on goods, hence its figures being lower than other online retail estimates for the UK. The <a href="http://www.imrg.org">IMRG</a>, for example, says <a href="/blog/1118-online-sales-to-hit-78bn-by-2010-imrg">just over £30bn was spent online by UK shoppers last year</a>, and reckons the UK etailing market will reach £78bn by 2010.

<FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>The group <Link URL="http://news.bbc.co.uk/1/hi/business/6690397.stm" Window="New">estimates</Link> that the etailing market for goods grew by 33.4% to £10.9bn last year, and will grow to £28.1bn, or about 8.9% of the UK's total retail sales, by 2011. </Paragraph> <Paragraph>However, it said the bulk of the growth would probably be generated by existing online consumers, rather than by more people starting to shop on the web.</Paragraph> <Block> <Paragraph> <Quote>"Even with some retailers staying out of the market, online sales in the UK are set to triple in value,"</Quote> the report said. </Paragraph> <Paragraph> <Quote>"By 2011, the typical spend of an online shopper will grow to £1,056 per year with the clothing and footwear, DIY and gardening, and food and grocery sectors achieving the fastest growth.”</Quote> </Paragraph> </Block> <Paragraph> <Link URL="http://www.verdict.co.uk" Window="New">Verdict’s</Link> research focused purely on goods, hence its figures being lower than other online retail estimates for the UK. </Paragraph> <Paragraph>The <Link URL="http://www.imrg.org" Window="New">IMRG</Link>, for example, says <Link URL="/blog/1118-online-sales-to-hit-78bn-by-2010-imrg" Window="New">just over £30bn was spent online by UK shoppers last year</Link>, and reckons the UK etailing market will reach £78bn by 2010.</Paragraph> </FormattedContent>

2007-05-25T11:58:00+01:00

econsultancy_xml

Another day, another piece of research focusing on the growth of online shopping. Retail analysts Verdict Research say spending by online consumers rose by a third in 2006, and is set to triple over the next five years.

<FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Another day, another piece of research focusing on the growth of online shopping.</Emphasis> </Paragraph> <Paragraph>Retail analysts Verdict Research say spending by online consumers rose by a third in 2006, and is set to triple over the next five years.</Paragraph> </FormattedContent>

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Related Econsultancy reports include our <a href="http://econsultancy.com/reports/e-commerce-platforms-buyer-s-guide-2009">E-commerce Platforms Buyer's Guide</a>, <a href="http://econsultancy.com/reports/delivering-successful-e-commerce-projects">Delivering Successful E-commerce Projects</a> and <a href="http://econsultancy.com/reports/online-retail-2007-checkout-special">Online Retail Checkout Special</a>. See also the <a href="http://econsultancy.com/reports/e-commerce-statistics">E-commerce Statistics Compendium</a>.

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Online retail market 'to triple in five years' false

2007-05-25T12:07:00+01:00

online-retail-market-to-triple-in-five-years

2009-04-29T21:54:54+01:00

2009-10-13T09:04:56+01:00

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