A recent release by The Interactive Media in Retail Group has revealed that 15p out of every pound spent by consumers is accounted for in Internet sales alone.
Whilst the High Street had a relatively quiet Christmas, online eCommerce stores recorded a bumper festive period with a massive 27% increase on 2006 for customers spending online and a huge rise in revenues, up 46% on last year. This clearly shows more and more retailers are realising the impact of the rise in Internet shopping and looking to sell online with eCommerce software solutions.
Retailers also found that over 50% of their sales in November and December were made online, compared with just 30% in 2006. The net result of all this was that an astonishing £15.2 billion was spent online in the run up to Christmas alone!
A spokesman for IMRG said: “Virtually all the growth in retail is now online. There is no growth anywhere else. The Internet has become the dynamo of retail.”
Time and time again, Internet sales are outstripping the High Street and retailers who currently do not sell online should be looking at viable eCommerce software for their business in order to stay ahead of the game. The future’s bright, the future’s on the web!
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