Internet shopping rise by 38%
Shopping though Internet has now became a passion for people around the world. Customers today know to appreciate services which brings convenience to them and avoids all the hassles of leg work. Consumers now can easily choose among thousands of products offered by thousands of stores around the world, which adds to the value of choice and quality. According to study reports, United Kingdom online shoppers spend about 17 pence online on every pound.
According to the e-commerce group IMRG and consultancy of Capgemini, the total amount spent on Internet was £26.5bn which is 38% more than that of the last year. The clothes and footwear industries were found to be the biggest losers among the physical stores in the month of June and had sales either flat or lower than that of the last year. Online stores were the big winners, said James Roper, chief executive at IMRG. The rising prices of food and fuel and the credit crunch, forced customers to seek out some other options of compensation. It has now been calculated that the online sales have already reached about 20% of the total retail sales. Online shopping through cyberspace has now became much more popular than physical retail shopping as consumers are now more cautious about what they spend and what hassles they undergo.
According to Mike Petevinos, Capgemini UK, “Convenience has a sharper edge in a world of soaring fuel prices”. The research study found that online clothing sales rose about 32%, lingerie sales rose about 37% and the footwear sales rose up to 38%. In total, as per the report, about £1.76bn was spent online on clothing in the first 6 months of 2008. The online clothing sales had a record amount spent during the March. People are now more getting addicted to convenience and usability of the features which are provided by the online stores. Everyone loves to shop while resting the bed in the air conditioned room.
As Mr. Gartner reported previously that Apple has now became the fastest growing computer manufacturer in the US and its sales has grown up to 38%. Apple now has 8.5% of the US market. It has been seen a great indentation towards the online market, both in hardware and software. People are gradually creating an immense interest on the Internet and its convenient features, which are becoming more interactive and works just out of the box.
The online shopping trend has shown IT and electronic goods to be the most popular products among the customers, which is closely followed by books and clothing. The online shopping trend has now became an unavoidable part of the UK and US retail. The total online retail spend in the year of 2007 worth £14.7bn which is up by 35% from previous year.
Another contributing factor for the increase in online shopping is the increase in number of Internet users to 33.1 million and the increase of online shoppers by 24.7% to 22.6m. Another trend that came out among the online shoppers, which helped the increase in online shopping is that the online customers are much more regular in purchasing (an average of 16.9 times a year) and don’t hesitate to buy products sometimes beyond their financial capacity, availing their credit cards. So the world is going to see much more economic and social effects of the dotcom industries.
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