UK online sales on course to reach £40bn

Feb 16, 2007 | Uncategorized

A new report from uSwitch predicts that online sales will reach £40bn in 2007 (15% of total retail spend), growing to reach £162bn by 2020 (40% of total retail spend), writes Netimperitive. In 2002 online sales only represented 2% of all retail spending. According to the report 8m households in the UK spend an average […]

A new report from uSwitch predicts that online sales will reach £40bn in 2007 (15% of total retail spend), growing to reach £162bn by 2020 (40% of total retail spend), writes Netimperitive. In 2002 online sales only represented 2% of all retail spending. According to the report 8m households in the UK spend an average two hours per day shopping on the internet. Lower online prices and increasing access to broadband services are helping to lure consumers online. uSwitch claim that UK consumers could save £13bn a year by shopping online (equivalent to £500 per household).
From Netimperitive: http://www.emarketer.com, 16/02/2007
uSwitch:http://www.uswitch.com

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