Online sales up 16% on this time last year!

I heard on the news today that online sales are up by 16% on the same time last year. Shoes, accessories and alcohol being the most popular items. Here's some of what was said...

Consumers are avoiding the high street in favour of bargains on the internet.

Four out of five people have said they will avoid the High Street at some point and shop online as belts tighten and bargain hunting begins before Christmas.

 

Mike Petevinos, head of retail consulting at Capgemini UK, said of the latest figures: "The Christmas spirit is with us, but it seems clear that shoppers are being more considered than ever in making their generosity fit their budgets.

"The current climate is causing consumers to turn to the internet to help them make more informed value decisions and purchases."

 

IMRG chief executive James Roper added: "While we would naturally expect to see a monthly increase in online sales during this time of the year, it is perhaps surprising that we are continuing to see yearly growth during these otherwise difficult times for retailers.

"This is a sure sign that high street retailers should look to diversify their activities by fully embracing the online space, as their customers have."

Last year, more than three and a half million people across the UK were expected to shop online on Christmas Day.

Experts predicted most people would log on after the Queen's Speech to buy goods and services

This is all good news for all ei42 members, as predicted online sales are increasing and we need to spread the word about ei42 and just how much extra money can be saved in addition to that already on offer by retailers.

FACT BOX
• 90 per cent of retail spending is still done in the traditional way, namely in shops, according to Interactive Media in Retail Group (IMRG). Which means the market is still uptapped with only 10% of people shopping online there is a massive market opening up, just look at the growth of online shopping.

• 17p in every £1 of retail spending this year was accounted for by internet shopping, compared with 15p last year. Another growth statistic.

• 20 per cent year-on-year growth is being experienced by the John Lewis website, while the group's out-of-town shops have reported dips in sales. Another growth statistic.

• £26.5 billion in online sales was reported in the first six months of this year.

• 8-10pm is expected to be the busiest time for online shopping on Christmas Day.

• 25-40-year-old women are the target market for firms selling lingerie online.

Just look at those facts and then realise what you have in your hands as an ei42 member. Don't think in the short term, think of that kind of growth over a period of say 3 to 5 years.

WE HAVE AN AMAZING OPPORTUNITY HERE - Can you see it?

If you have stumbled upon this page and wonder what we are talking about, take a look at this business and then join us - it's totally FREE!

http://www.shopbiz4u.com