Mothercare puts faith in the web as online sales climb 27.5pc
Mike Petevinos, Head of Consulting for Retail at Capgemini UK, comments on the resilience of online retail in the current economic climate
18 July 2008
Publication
The internet is expected to account for between 30% and 50% of all sales over
the next five years, according to the IMRG Capgemini e-Retail Sales Index.
New figures revealed that £26.5bn was spent online over the first half of 2008, up 38pc on last year and equivalent to 17p in every £1 spent on consumer goods.
Mike Petevinos, Head of Consulting for Retail at Capgemini UK, comments on these figures:
“While online retail is not immune to the credit crunch, it is showing greater resilience than the high street. We predict between 30pc and 50pc of all retail will be online in the next five years as new drivers, such as sustainability, are added.”
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:
- The Retail Bulletin reports on the increase of online spending regardless of the credit crunch.
- The Scotsman reports on online sales soaring.
- Computer Weekly reports on the web eating into high street sales.
- Online shopping increases by 38%, Channel 4 reports.
- Mike Petevinos speaks to BBC News on the rise of internet shopping.
- The Mirror reports on how online retail spending is up by 38 percent.
- The FT reports on the buoyant internet shopping sales.
- The Guardian reports on how the boom in online sales shopper desert the high street.
- Shoppers hunt online bargains, The Daily Telegraph reports.
- The Independent reports on how shoppers are bucking the gloom.
Related links:
How consumers will be shopping in the future.
