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Friday, 21 October 2011

Retail statistics of the week

This week has seen a couple of surprising retail statistics.

Almost £1 in every £10 spent by shoppers now involves internet purchases.  Yes that is almost 10%!

Internet purchases of clothing and footwear are up by 21% compared to a year ago, which compares to a 2.1% fall for bricks and mortar outlets.  Internet shopping has now trebled since 2007.

Internet shopping has grown for a number reasons. Cheaper deals online, faster internet connections and a better online experience helped by tablets and smart phones. Oh and it means people don't have to walk as much!

The Office of National Statistics said that the total value of retail sales has grown by 5.4% which is marginally ahead of the latest inflation rate of 5.2%.  This was better than expected.  However, still some stores struggle with the surprise announcement from Argos that showed a significant fall in sales leading to a collapse of profits of 94% in the first 6 months of the year.  The company blamed inflation hurting its lower income customers more than others.

Christmas time will be a make or break sales period for many retailers and they must get their online stores working well and able to deliver!

If you are struggling and are looking for a plan B visit or retailer rescue pages

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