GENERAL MERCHANDISE NEWS
Tesco online sales soar
28 December, 2006 | by Retail Bulletin
Online sales soared to more than 30 per cent in the run up to Christmas.
1.3m shoppers ordered groceries and presents from Tesco.com in the run-up to Christmas, up from 1m last year. The surge in online sales will raise fears of a disappointing Christmas for a number of high street retailers, especially those that were forced into starting early sales.
Most television news items covering the post sales christmas rush spoke of increased shopper numbers at major locations across the UK. Whilst this was good for the consumer, the impact on retailers margins post Christmas is yet to be seen.
