Home>Industry Sector>Retail/E-tail>Online greater than 20% of UK retail spend for first time
Home>Distribution>Supply chain IT>Online greater than 20% of UK retail spend for first time
ARTICLE

Online greater than 20% of UK retail spend for first time

21 December 2018

Recent Office of National Statistics (ONS) retail figures defied many analysts’ gloomy predictions with overall spending up 5% YOY in November. Online spending continued to drive retail growth as e-commerce sales soared by 13.1% over November 2017.

The home delivery expert ParcelCompare says the most significant result was that for the first time ever UK internet sales grabbed over 20% of all retail. ParcelHero’s Head of Consumer Research, David Jinks MILT, says: ‘Online sales took 21.5% of all consumer spending in November. That’s a trajectory we believe will continue to grow rapidly through 2019.’

Explains David: ‘ASOS’ gloomy November figures had us all braced for a poor month, especially as it was widely acknowledged Black Friday’s sales had under-performed. However, online sales this November were actually up 13.1% on last November and soared by 36.3% compared to the previous month.’

Concludes David: ‘Retailers will be giving a small sigh of relief that shoppers did actually spend 5% more this November than in 2017, and 1.5% more than in October; but once again these sales are being driven by online spending. 21.5% of our November pre-Christmas spend was online and our research reveals within a decade half of all our purchases will be online. Small wonder the author of a report on the future of the High Street issued today, Sir John Timpson, says the UK has twice as many shops as it needs.’

 
OTHER ARTICLES IN THIS SECTION
FEATURED SUPPLIERS
TWITTER FEED