Capgemini and IMRG released the July results of the IMRG Capgemini eRetail Sales Index this week which revealed that online sales are back on track following a disappointing end to H1, recording an annual growth of 14% in July. An estimated £8.1 billion was spent online; a significant increase on the £7.1 billion spent during the same period last year.
The Index grew 3% month-on-month, which is a stark contrast to the 5% decrease experienced between May and June. The Electrical sector, which following a year-on-year increase of just 7% in June, shot up to a significant 19% in July; shaking off its post-World Cup slump.
For further details on the story, you can read one of the many pieces written up by the national and trade media, including: City A.M., Internet Retailing, Computer Weekly, Essential Retail, Internet Retailer, Retail Systems, Retail Bulletin, Kam City and Retail Gazette.
Capgemini’s Head of Retail Consulting, Adgild Hop, : “The return to growth this month will be much welcomed by the UK’s retailers. Earlier results this year had suggested that British shoppers weren’t averse to spending but just reluctant to splash out on the more expensive luxuries.
“With the recent positive noises about the UK economy, this month we have seen that consumer confidence appears to be improving, with a strong increase in big-ticket transactions in ravel and lectricals in particular. Retailers will no doubt hope to see this trend continuing for the remainder of the year and into Christmas.”