Electronic retail, while exacting, has the potential to bring in immense profits. Here are some ecommerce related trends for the UK
- UK accounted for 34% of the European online travel market in '06, which is 11.6% of overall spending on electricals
- Internet sales of electricals in the UK grew by 41.4% in '06 reaching £2.8 billion in online consumer spends
- Online retail spending is growing nearly 13 times faster than the retail sector.
- Internet retail in the UK in '06 capped at £10.9 billion
- Spending via ecommerce in the UK in '06 was estimated to be £30 billion
All trends indicate a massive shift towards Internet based retail and ecommerce. Considering the relative ease of use and security provided by modern encryption technology, ecommerce and the Internet are rapidly becoming the preferred mode of shopping for millions of online consumers. Call us today to see how we can work with you to ecommerce enable your business on the Internet.
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