Credit crunch fails to curb online spending
The latest figures from the IMRG Capgemini e-Retail Sales Index shows even with the current credit crunch, UK shoppers are still spending online.
22 April 2008
Publication
IMRG and Capgemini have revealed that UK consumers spent €16 billion in the first
quarter of 2008 - equating to an equivalent of €2655 for every person in the UK.
The IMRG Capgemini e-Retail Sales Index shows that UK shoppers are flexing their
online purhasing power with nearly €10.6 billion being spent online during the
week of the Easter holidays. The figures contradict the ‘doom & gloom’ atmosphere
for UK retailers, however emphasises the importance for retails to have an online
channel.
Anthoula Madden, Vice President at Capgemini UK’s Consumer Products and Retail
Team says:”The poor Easter weather appears to have paid off for online retailers
as more people seem to have spent more time inside, shopping online in March.
Interestingly, people in the UK don’t appear to be curbing their drinking as the
online beer, wines and spirits sector saw a huge increase in sales of more than
25 per cent in the first week of March alone. The looming budget may have spurred
people on to stock up on alcohol before the increase in taxes.”
To read the rest of the article at Supply Chain Standard.com, click here.
To read the press release, click here.
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