E-retailers buck gloom as 17p per £1 is spent online
Mike Petevinos, Head of Retail Consulting, Capgemini UK discusses findings from the latest IMRG Capgemini e-retail sales index.
18 July 2008
Publication
Online shopping has increased by 38% year on year in the first six months of
2008 and online shoppers are spending 17p in every £1 online. This was revealed
by the the new IMRG Capgemini e-retail sales index for the first half of 2008.
Mike believes that “while online retail is not immune to the credit crunch, it is showing greater resilience that the high street. The online channel continue to give thanks to the traditional drivers of convenience and choice, but these appear to be magnified by the current economic environment.”
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.
To read the rest of the article at The Independent.co.uk, click here.
To read the press release, click here.
For the latest news on Capgemini & Retail, click here.
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.
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