Internet shopping rise by 38%

Rising food bill, fuel cost and the credit crunch have forced shoppers to seek out bargains away from the high street, this direct beneficiary of this has been online retailers according to a survey by e-commerce group IMRG and consultancy Capgemini.
The report said that the total Internet spend was £26.5bn, up 38% on the same period last year, which also translate to the fact that online sales have reached nearly 20% of total retail spending.

Cloths and footwear sales on the high street see a sharp drop in sale despite tempting offers from high street retailers. Internet sales of cloths and footwear on the other hand saw a rise, with over all Internet clothing sales rising by 32%, lingerie sales rose 37% and footwear was up 38%.

Year on year, online shopping has been rising faster than traditional high street shopping, Christmas 2007 saw online shopping spend rise to 15.2 billion, with was an increase of 50% over online sales of December 2006.

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