Online retailing 'surging ahead'
Online retailing in the UK has grown at its fastest rate since the dotcom bubble burst, a survey has claimed.
The amount of money spent by consumers shopping online increased by 33.4% to £10.9bn last year, retail analysts Verdict Research said.
Verdict also forecast that online sales would triple over the next five years.
The research group said that faster and cheaper Internet access was driving the growth at a time when many High Street retailers were seeing demand wane.
Of 3,000 customers surveyed, two thirds had broadband Internet connections and shopped online more often because of it, Verdict said. The company's research covered online spending on goods, and did not include sales of flights, tickets and insurance.
Source: BBC
The amount of money spent by consumers shopping online increased by 33.4% to £10.9bn last year, retail analysts Verdict Research said.
Verdict also forecast that online sales would triple over the next five years.
The research group said that faster and cheaper Internet access was driving the growth at a time when many High Street retailers were seeing demand wane.
Of 3,000 customers surveyed, two thirds had broadband Internet connections and shopped online more often because of it, Verdict said. The company's research covered online spending on goods, and did not include sales of flights, tickets and insurance.
Source: BBC
