Online retail takes 20p of the shopper's pound
Mike Petevinos, Head of Retail Consulting, Capgemini comments on the rise of online shopping in 2008.
18 July 2008
Publication
The release of the IMRG Capgemini e-retail sales index has highlighted that online
shopping is poised to take 20p out of every £1 by the end of 2008. This follows
the revealation that shoppers spent more thant £26.5 billion online.
Mike comments that “stores will be forces to change their business models as online shopping becomes more influential, integrating the two channels more fully.”
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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To read the press release, click here.
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Further coverage:
- The Retail Bulletin reports on the increase of online spending regardless of the credit crunch.
- Computer Weekly reports on how the web is eating into high street sales.
- The Scotsman reports on online sales soaring.
- 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.
- Mike Petevinos speaks to The Daily Telegraph on how Mothercare has embraced their online shopping channel.
- Shoppers hunt online bargains, The Daily Telegraph reports.
- The Independent reports on how shoppers are bucking the gloom.
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