Friday, 20 January 2017

..."Money is like a sixth sense without which you cannot make a complete use of the other five"...  W. Somerset Maugham.

'UK online sales exceed £130 billion in 2016, fuelled by sales growth on smartphones

  • Online sales during 2016 up 16% compared with 2015
  • £25bn spent online in the run up to Christmas, between 13th November and 24th December
  • Sales made on smartphones drive growth, up 47% YoY in December
17th January, 2017 –£133bn was spent online with UK retailers in 2016, the latest figures from the IMRG Capgemini eRetail Sales Index have revealed*. This was £18bn more than the amount spent online in 2015 and meant that the Index registered growth of 16% in 2016. The results demonstrate an exceptional performance for online retail in 2016, exceeding IMRG and Capgemini’s forecast of 11% growth for the year and unexpectedly reversing a trend of declining growth rates over the past few years (see chart below).

For 2017, IMRG and Capgemini forecast e-retail will record a further 14% growth.
The strong performance of online retail in 2016 was fuelled by the continued growth of sales made on smartphones. In December, sales made via smartphones were up 47% year-on-year (YoY). In contrast, sales made on tablets were down 3% YoY**.

In December, smartphones accounted for 54% of mobile device sales, with tablets accounting for the other 46%. This is a huge uplift on December 2015, when smartphones accounted for 39% of mobile device sales.

Across sectors, looking at 2016 as a whole, accessories and lingerie witnessed the biggest increase in online sales, up 38% and 33% respectively. This was followed by gifts, up 26%, and footwear, up 21%, all of which exceeded the Index’s average growth rate. However, the health and beauty sector had a year to forget, with online sales in the category tumbling 3%.
Looking at the Christmas period, which is defined as running from 13th November through to 24th December, £25 billion was spent online. This was up an impressive 16% on the amount spent in 2015*** as consumers continued to shop for presents online.'

...and according to the Office of National Statistics:

Online sales (excluding automotive fuel) increased year-on-year by 21.3%, but fell on the month by 5.3%; accounting for approximately 15% of all retail spending. See figure1 below.



Monday, 14 May 2012

"We haven't got the money, so we've got to think!"... Earnest Rutherford

Monday, 5 March 2012

U.S. Online Retail Sales to Reach $327 Billion by 2016 [STUDY]

The future of ecommerce looks bright. After topping $200 billion for the first time, online retail sales in the U.S. are forecast to reach $327 billion by 2016, a study from technology and market research firm Forrester says. Overall share of the retail market is expected to increase from 7% to 9% during that period.
What’s driving the growth? More consumers are shopping online every day. Last year, 167 million consumers — 53% of the U.S. population — purchased something online. That number is expected to grow to 192 million, or 56% of the population, by 2016. The study also projects that consumers’ average yearly online spending will increase from $1,207 per person in 2011 to $1,738 per person by 2016.
Consumers are also becoming increasingly comfortable purchasing a wider variety of categories online. In a 2001 survey, Forrester found only three of the 30 retail categories were able to attribute more than 20% of sales to online channels. That number grew to eight categories in 2011, and is expected to increase to 14 categories by 2016.
U.S. shoppers are also now finding it easier to shop than ever before, thanks to improvements in mobile and tablet shopping capabilities. Innovative shopping models and loyalty programs — think flash sales sites like Gilt and Woot as well as subscription loyalty programs like Amazon Prime — and aggressive promotions are drawing sales away from brick-and-mortar operations. This was especially true during big discount periods such as Black Friday and Cyber Monday, during which approximately 75% of consumers said they shopped online because the deals were better.

Meanwhile, online sales in Europe are expected to amount to 171 billion euros ($230 billion) in Europe by 2016 up from 96.7 billion euros ($130 billion) in 2011, according to Forrester’s estimates.
UK & Europe Retail Sales: IMRG (Interactive Media in Retail Group)
The UK’s industry association for e-retailing:
· The UK is Europe’s leading e-retail economy, with sales estimated to have reached £68.2bn in 2011 [find out more]
· Global e-retail sales increased by almost 25% to €591bn in 2010 [find out more]
· The UK e-retail market is currently growing at 16% per annum, in spite of the recession [find out more]
· e-Retail now accounts for 17% of total retail sales in the UK [find out more]
· The UK’s per capita spend of€1333 per annum is the highest in the world [find out more]
· The digital commerce market provides employment for over 730,000 people in the UK [find out more]
· 32 million people shop online in the UK [find out more]
· More than one billion parcels are shipped from online purchases each year in the UK [find out more]

IMRG Capgemini e-Retail Sales Index: February 2012
e-Retail sales grew 16% year-on-year in January, with Britons spending an estimated£5.96bn shopping online. The IMRG Capgemini e-Retail Sales Index reached 7734, down from 10,376 in December 2011. A monthly decline between the months of December and January is typical, following a peak in festive sales during December. The monthly decline of 25% is in line with historical trends recorded in the Index - between December 2010 and January 2011 the Index fell 25% and between December 2009 and January 2010 it recorded a decline of 22%.

Monday, 30 January 2012

..."Money is like a sixth sense without which you cannot make a complete use of the other five"...  W. Somerset Maugham.