Online shopping now accounts for almost a fifth of all retail spending
Mike Petevinos, Head of Consulting for Retail, Capgemini talks to Sky News on the rise of internet shopping and predictions for the future.
17 July 2008
Publication
The IMRG Capgemini e-retail sales index has revealed that online shopping now
accounts for almost a fifth of all retail spending. The report has also highlighted that more than £26 billion was spent
online in the first half of 2008.
The report states that even with the tough trading conditions and the current credit crunch, shoppers are still spending most of their avaliable income online.
Mike states that “we predict that between 30% and 50% of all retail will be online in the next five years as new drivers such as sustainability, are added to the mix”.
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.
To read the rest of the article at Skynews.com, click here.
To read the press release, click here.
For the latest news on Capgemini & Retail, click here.
Further coverage:
- Silicon.com reports on how online retailing taking 20p in every shoppers pound.
- The Retail Bulletin reports on the increase of online spending regardless of the credit crunch.
- Computer Weekly reports on the web eating into high street sales.
- The Scotsman reports on soaring online sales.
- Mike Petevinos speaks to BBC News on the rise of internet shopping.
- The Mirror reports on how online retail shopping is up by 38 percent.
- The FT reports on the buoyant internet shopping sales.
- Shoppers hunt online bargains, The Daily Telegraph reports.
- The Independent reports how online shoppers are bucking the gloom.
- The Guardian reports boom in online sales as shoppers desert high street.
- The Mirror reports on how online retail spending is up by 38 percent.
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