Sunday, October 26, 2008

UK online consumer spending slows due to the depressed economic conditions

The IMRG Capgemini e-Retail Sales Index reports that growth in online shopping in September 2008 was 14%, a reduction of the growth figure of 73.2% in September 2007.

This growth figure was the third month in a row that failed to reach 20% growth; however growth did occur in clothing, footwear and accessories which were up 24% on September 2007.

Alcohol, gifts and electrical appliances also showed an increase in spending.

The e-Retail Index agrees with UK payments association Apacs, which predicts Christmas spending will grow by 15% over last Christmas.

Department store chain Debenhams yesterday released sales figures for the year to 30 August, 2008, showing its online sales are up by more than 60 per cent to £42m.

The share of Debenhams total sales made over the web increased from 1.1% in the previous year to 1.8% over the period, and online visitors grew by 52% to more than 43 million.

So even though the growth rate of online sales is substantially down on the previous year, considering the general economic gloom being reported daily in the media, any growth is impressive.

Our UK Online Local Search Business Directory, which has 1.6 million businesses listed, is taking advantage of the movement of consumers to spending online, and we provide the prospects to the businesses listed with no cost to them.

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