E-commerce
Anthoula Madden, Vice President, Capgemini Consumer Products and Retail Team, comments on the IMRG Capgemini e-Retail Sales Index which predicted online sales reaching a record £15 billion in the final quarter of 2007.
19 December 2007
Publication
The IMRG Capgemini e-Retail Sales Index now in its seventh year has become a key indicator on trends and performance of online retail, used by the industry as the standard by which the sector is measured.
The latest figures show that online Christmas shopping is to set a new record of £15 billion in sales for the fourth quarter of 2007, from October to December. This is 60% higher than the £9.6 billion recorded during the same period last year.
Anthoula believes that “online retailing continues to grow apace, any traditional ‘bricks’ retailers who do not have an online presence are effectively seeing their market share eroded.”
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About The Interactive Media in Retail Group (IMRG)
IMRG (Interactive Media In Retail Group) is the industry body for global e-retail.
Formed in 1990, IMRG is setting and maintaining pragmatic and robust e-retail
Standards to enable fast-track industry growth, and facilitates its community
of members with practical help, information, tools, guidance and networking. Consumers
can be confident when dealing with IMRG Members because all have committed to
operate using methods that are Honest, Decent, Legal, Truthful and Fair, and have
undertaken to not bring the industry into disrepute. The strength of IMRG is the
collective and co-operative power of its members.
About the ‘IMRG Capgemini e-Retail Sales Index’
The IMRG Capgemini Index tracks ‘online sales’, which we define as ‘transactions
completed fully, including payment, via interactive channels’ from any location,
including in-store. These sales are predominantly internet-based today, but the
Index remains ready to record e-retail sales conducted via whatever interactive
channels the market may embrace in the future.
