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Brits spend record amount of £4.5bn online

February 23, 2008 by admin  
Filed under News, News-Credit-Cards

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British consumers have broken the record for the amount spent over the internet in January – with £4.5 billion being used to purchase goods online.

Findings from the Interactive Media in Retail Group (IMRG) reveal that the figure was a 75 per cent increase on figures from last year’s January.

Anthoula Madden, vice president of consumer products and retail at Capgemini UK, said: “The index shows that January sales are as large a phenomenon online as they are on the high street, with the overall online market continuing to show strong growth.”

He added that the high growth in the sales of electrical goods and clothing suggests that consumers are treating themselves to items missed from Christmas stocking lists.

According to the results of the survey, consumers spent 38 per cent more on electrical goods over the internet last month compared to January 2007, while clothing figures increased by 32 per cent.

The figures from January contrast with findings from those compiled by the Office for National Statistics which showed that spending in December dropped by 0.4 per cent compared.

Tags: uk, record, Capgemini, month, Interactive, consumer, Brits spend record

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