Online spending hits £4.2bn record high in February
Anthoula Madden, Vice President Consumer Products & Retail, Capgemini talks to Computer Weekly on the rise of online spending in February.
26 March 2008
Publication
Online spending in February reached a record high of more than £4.2bn, equal
to the £69 per person, following the release of the IMRG Capgemini e-Retail Sales Index.
With a year-on-year increase of 46%, sector growth was patchy, however alcohol saw a large increase in online sales. In other sectors, specifically the clothing, footwear and accessories sector, registered a slower growth and fewer health and beauty pproducts were purchased online.
“Any slowdown due to the credit crunch was not showing up in online sales figures,”
Anthoula states. “However, the global recession fear is a good reminder that e-retailers cannot be complacent and need to be even more creative to keep existing customers
and attract new users.” Anthoula concluded.
To read the rest of the article at Computer Weekly, click here.
To read the press release, click here.
Anthoula leads Capgemini’s Consumer Producst practice in the UK and has over 14 years experience in leading global business transformation. Her extensive international experience, working with major FMCG organisations to define, design and deliver complex ERP-enabled business transformation programmes has giver her deep insight into the industry strategies and challenges.
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.
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