Online retail reaches £4.8 billion in July boosted by wet weather
Mike Petevinos, Head of Consulting for Retail at Capgemini UK, comments on latest figures from IMRG Capgemini e-Retail Sales Index
26 August 2008
Publication
Figures released from the IMRG Capgemini e-Retail Sales Index show that online spending rose in July to reach a total market value of over £4.8 billion.
Mike comments on this growth in online retail:
“Gloomy market conditions have not dampened consumers’ appetite for shopping online. Online sales continue to show strong growth, particularly when compared to the tough trading conditions on the high street. The increase in clothing/footwear sales demonstrates consumers’ ever increasing familiarity with e-retailing, extending their shopping behaviour into more and more categories. Even the electrical sector, which is highly susceptible to falling consumer confidence, is seeing good growth driven by the increased choice, price transparency and convenience that online has to offer.”
Mike has spent the last 9 years advising clients on their most significant strategic questions and supporting them in launching and delivering enterprise-wide programmes to help them fulfil their ambitions. A specialist in the Retail and Consumer Products industries, Mike is now responsible for this capability within Capgemini UK and is a published author on how Integrated Multi-Channel Retailing is shaping the industry.
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Further coverage:
- Reuters reports growth of online retail sales in July
- Mike Petevinos, Head of Consulting for Retail at Capgemini UK, talks to The Mirror on growth of online retail
- Sky News reports on results of IMRG Capgemini e-Retail Sales Index
