THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Online sales growth in October

The latest figures from the IMRG Capgemini e-Retail Sales Index have revealed continued growth in October, with British shoppers spending a total of £5.9bn online.

OMNICHANNEL

Online sales growth in October

The latest figures from the IMRG Capgemini e-Retail Sales Index have revealed continued growth in October, with British shoppers spending a total of £5.9bn online.

These figures represent a 14% rise on the same time last year, and a 7% increase on September 2011.
 
The travel sector is continuing to suffer due to economic uncertainty, with a 17% decline on September’s already very weak result. However, the average spend in October reached £920; the first time it’s broken the £900 mark since the sector was first tracked in December 2008.

Other sectors performed better in October. However, sales of electrical goods bounced back with a year-on-year growth of 11%, the highest recorded since April 2011. This could be a direct result of heavy discounting from retailers as they look to reinvigorate interest amongst shoppers; in January 2011 the average spend on electrical goods reached £173, compared with just £153 in October.
 
Other areas that experienced strong sales include health and beauty, which recorded a year-on-year increase of 53%; the highest growth ever recorded for the sector. Alcohol also saw impressive online sales, reporting a significant 27% growth on September 2011 and up 20% on October last year. 
 
The 14% rise recorded for October suggests the Index will meet IMRG and Capgemini’s recently revised prediction that the total market will close the year on 16% annual growth. This result will be helped, in part, by the strong online sales predicted for Christmas - an estimated £7.75bn will be spent during the five-week shopping month of December (starting w/c 28th November), almost half of which (£3.72bn) will be spent in the first two weeks alone.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues