UK spend record online shopping |
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| Tuesday, 11 December 2007 | |
 On Monday 10 December, more money was spent online in a minute in the UK than ever before, according to Retail Decisions, the card issuer and world leader in card fraud prevention and payment processing. UK online shoppers spent an estimated three quarters of a million pounds
(£767,500) in just 60 seconds at nine minutes past one this lunchtime.
Key statistics further state that this week will be the biggest e-sales week of the year, with online sales worth £2.359 billion, almost three times the £0.885 billion average for the year. Total Christmas e-retail sales (i.e. Q4 2007) are expected to reach £17.6 billion, an 82% increase of the £9.6 billion recorded for the same period in 2006. IMRG currently forecasts that full year 2007 e-retail sales will be £53.3 billion, 76% higher than the £30.2 billion recorded for 2006, and considerably exceeding the £42 billion IMRG estimated at the beginning of this year. Another interesting fact is that the UK's 27 million online shoppers will generate 860 million parcel deliveries in 2007. Image: online shopping |
Carl Clump, CEO of Retail Decisions, commented; “Christmas internet shopping traditionally peaks on Mondays as people buy online during their lunch break to save on more trips to the high street. Our data supports the ongoing trend that internet retailers are enjoying another bumper Christmas.” Today is expected to be the biggest UK online shopping day ever, with sales worth £370 million, almost treble the £126 million average day rate for 2007, and 106% more than on the second Monday of December last year. Total Christmas e-retail sales are expected to reach £17.6 billion, an 82% increase of the £9.6 billion recorded for the same period in 2006, despite the credit crunch and economic downturn.
