18 October 2007
According to the Interactive Media in Retailing Group (IMRG), online retail sales in June were up 55%, and higher than the annual takings of London’s West End.
£3.6bn was spent online in June 2007 which according to the IMRG index represents a 55% annual increase – the highest recorded sustained growth in since 2003.
IMRG’s Managing Director, Joe Evans, said:
This astonishing growth shows that all shopping is entering an entirely new phase. Thanks to the Internet, shoppers are getting used to thinking about, finding, and buying goods and services in new ways. They no longer need to plan their lives around when the shops are open, and, for many, queuing at the till is a thing of the past. They would much rather listen to others shoppers’ opinions of what goods are like than rely on marketing spiel. Consumers have tasted e-shopping power, and are well and truly hooked.
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