BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Friday, 13 December, 2002, 07:23 GMT
UK online shoppers 'break 1bn mark'
A woman shopping on the internet
The take-up of broadband is helping internet sales
For the first time, UK consumers have spent more than 1bn ($1.6bn) in just one month shopping online, according to a survey.

With the US market taking its toll from the economic slump, the UK consumer is on his or her way to becoming the world's largest spender online

Jaap Favier, Forrester Research
The retail group IMRG said that sales broke through the 1bn mark last month, and have nearly doubled over the past year.

The growth in internet shopping is running about 15 times faster than that of general retail sales, the survey found.

IMRG also said that online shopping in the UK was growing three times faster than in the US.

"This high growth confirms that UK consumers at large are getting very confident with online purchasing," said Jaap Favier, research director at Forrester Research, which carried out the survey.

"With the US market taking its toll from the economic slump, the UK consumer is on his or her way to becoming the world's largest spender online."

Net profit

The study said that consumer demand for shopping online was "broad based and evolving", and November's sales figure represented a jump of 10.1% on the previous month.

The take-up of high-speed broadband internet links is thought to be one factor behind the speedy growth.

"Broadband's rapid take-up is already having a profound impact on online shopping, setting exciting new expectations for consumers," said IMRG chief executive James Roper.

"Its fast connectivity enables consumers to nip to the stores online and enjoy a hassle-free rich online shopping experience."

Leap in sales

IMRG's November online sales figure was based on sales of 218m of 77 surveyed e-tailers, accounting for 23% of the estimated online market.

Online sales have risen by 95% over the past year, IMRG said, compared with a rise of just 6.1% in general retail sales.

US figures for the July to September period this year showed online shopping sales were more than $11bn, representing 1.3% of total US retail sales, an increase of 34.3% on the same period last year.

In the UK, online sales over the same July to September period reached 2bn ($3.14bn), representing 4% of total UK retail sales, up 114.5% on the same period in 2001.

 WATCH/LISTEN
 ON THIS STORY
The BBC's John Moylan
"Groceries are big business... clothing is growing fast too"

Talking PointTALKING POINT
Shopping boom
Are you confident to shop online?
See also:

13 Dec 02 | Business
11 Dec 02 | Business
11 Dec 02 | Business
26 Nov 02 | Business
29 Oct 02 | Business
04 Oct 02 | Business
04 Oct 02 | Business
09 Sep 02 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes