42244 2 3 econsultancy_xml <p>Other key figures include:</p> <ul> <li>Online sales will reach £40bn this year - 15% of UK retail sales. <br /></li> <li>Online sales will quadruple to £162bn by 2020.<br /></li> <li>8m UK households spend on average two hours a day shopping online.<br /></li> <li>The average household spends £980 a year online, representing 10% of their annual shopping bill.<br /></li> <li>According to the survey, the most popular products bought online are holidays, music and films.<br /></li> <li>Average online savings are 13% on grocery items, 21% on services and 15% on travel and leisure activities. </li> </ul> <p>According to <a href="http://www.uswitch.com/">uSwitch</a>, the massive savings to be had from shopping online and  the increased availability of fast broadband connections are the key factors behind the online boom. </p> <p>The report says that UK consumers could save as much as £13bn annually by shopping online - a saving of £500 per household. </p> <p> <strong>For more statistics on online retail, see the <a href="http://econsultancy.com/reports/internet-statistics-compendium-december-2008">February 2007 update of our Internet Statistics Compendium.</a></strong> </p> <p> <a href="mailto:blog@e-consultancy.com" title="blocked::mailto:blog@e-consultancy.com">blog@e-consultancy.com</a> </p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>Other key figures include:</Paragraph> <List Type="Disc"> <ListItem>Online sales will reach £40bn this year - 15% of UK retail sales. <LineBreak /></ListItem> <ListItem>Online sales will quadruple to £162bn by 2020.<LineBreak /></ListItem> <ListItem>8m UK households spend on average two hours a day shopping online.<LineBreak /></ListItem> <ListItem>The average household spends £980 a year online, representing 10% of their annual shopping bill.<LineBreak /></ListItem> <ListItem>According to the survey, the most popular products bought online are holidays, music and films.<LineBreak /></ListItem> <ListItem>Average online savings are 13% on grocery items, 21% on services and 15% on travel and leisure activities. </ListItem> </List> <Paragraph>According to <Link URL="http://www.uswitch.com/" Window="New">uSwitch</Link>, the massive savings to be had from shopping online and  the increased availability of fast broadband connections are the key factors behind the online boom. </Paragraph> <Paragraph>The report says that UK consumers could save as much as £13bn annually by shopping online - a saving of £500 per household. </Paragraph> <Paragraph> <Emphasis>For more statistics on online retail, see the <Link URL="http://econsultancy.com/reports/internet-statistics-compendium-december-2008" Window="New">February 2007 update of our Internet Statistics Compendium.</Link></Emphasis> </Paragraph> <Paragraph> <Link URL="mailto:blog@e-consultancy.com" Title="blocked::mailto:blog@e-consultancy.com" Window="New">blog@e-consultancy.com</Link> </Paragraph> </FormattedContent> 2007-02-16T11:30:00+00:00 1 1 econsultancy_xml <p> <strong>Research by online shopping comparison service uSwitch has predicted that online retail will almost quadruple by 2020.</strong> </p> <p>The web currently accounts for around 10% of total UK retail sales, with <a href="/blog/693-m-s-online-sales-up-70">sales over the Christmas period reaching £3.7bn</a>, a 50% increase on 2005. The report predicts that 15% of UK retail sales this year will be online. </p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Research by online shopping comparison service uSwitch has predicted that online retail will almost quadruple by 2020.</Emphasis> </Paragraph> <Paragraph>The web currently accounts for around 10% of total UK retail sales, with <Link URL="/blog/693-m-s-online-sales-up-70" Window="New">sales over the Christmas period reaching £3.7bn</Link>, a 50% increase on 2005. The report predicts that 15% of UK retail sales this year will be online. </Paragraph> </FormattedContent> false 841 <p>Econsultancy's <strong><a href="http://econsultancy.com/reports/online-customer-service-buyers-guide-2009">Online Customer Service Buyer's Guide</a></strong> includes profiles of suppliers offering online survey tools.</p> <p>Econsultancy's <strong><a href="http://econsultancy.com/reports/online-customer-service-buyers-guide-2009">Online Customer Service Buyer's Guide</a></strong> includes profiles of suppliers offering online survey tools.</p> 362697 uSwitch - online to account for 40% of UK sales by 2020 false 2007-02-19T11:22:00+00:00 uswitch-online-to-account-for-40-of-uk-sales-by-2020 2009-04-29T20:11:53+01:00 2009-10-13T08:53:05+01:00 471