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Online shopping more popular than ever with consumers

January 19, 2008 by admin  
Filed under News, News-Credit-Cards

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Latest research has revealed that online sales rose by more than 50 per cent in the three months leading up to Christmas.

Internet sales for 2007 totalled £46.6 billion which equates to 15p in every pound spent on retail in the UK was online, according to figures from the Interactive Media in Retail Group (IMRG) study.

James Roper, the chief executive of the e-retail organisation, said: “Virtually all the growth in retail is now online.”

“There is no growth anywhere else and it is taking more and more business from the high street to online channels. Internet has become the dynamo of retail. It is where all the growth is now,” he added.

Online consumers splashed out £15.2billion between October and December alone, the report showed.

Sales of electronic goods increased by 60 per cent compared with December 2006, proving to be the most popular items to buy over the internet.

Meanwhile, reports from Argos claimed that the Nintendo Wii was one of the most popular products with consumers at Christmas.

Games sales were reportedly up by 40 per cent said the retailer.

Tags: online channels, report, popular items, group, interactive media, retailer, Nintendo, e-retail organisation

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