Essential reading for retailers and suppliers in the home improvement market

Online sales see strongest Q1 growth in 3 years

Published: 20 April 2011
Online spending increased by 18% during Q1 2011 compared with the same period last year, the strongest first quarter growth since 2008, according to the latest IMRG Capgemini e-Retail Sales Index report.
Online sales see strongest Q1 growth in 3 years
As the high street reports the worst drop in sales in 15 years, the index has revealed that online sales are continuing to grow, with March seeing a year-on year increase of 14%.

During the month, UK shoppers spent, on average, £82 each online, totalling £5.1bn.

An 8% drop in the sales of electrical goods from February was also recorded as consumers tightened their belts after the budget announcement on March 23.

The gap between multi-channel and online-only retailers continues to increase, said the report. Those with both a high street and online presence saw a 19% growth on average compared with March last year, while online-only retailers experienced just 6%.

Capgemini's head of retail consulting and technology Chris Webster said: "March was a solid month for online retail; 14% annual growth is a healthy result and quite a contrast with the reports from the high street. The 18% growth in the Index during Q1 is indicative of a new trend. Consumers are indeed tightening belts, but they are still shopping, and have simply become more strategic in their buying habits."

Comments


(Your email address will not be published)
3 + 3 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories