Twitter
Facebook
Linked In
RSS
Login or Register
New to InternetRetailing?
Register Now
Internet Retailing
IREU Top500 The Customer Report: 2018

IREU Top500 The Customer Report: 2018

You are in: > Home > Themes > Industry

This is your 1 complimentary article for this month

Become a member for unlimited and immediate access.


Register
Already a member? Log in here

9.8% of UK retail sales were online in March

Linked InTwitterFacebookeCard

Almost one in every ten pounds spent in the UK last month was spent online, according to official figures out today.

The Office for National Statistics’ Retail Sales Index for March found that, by value, 9.8% of UK retail transactions were made over the internet, with an average of £529m spent online each week.

In total, £31bn was spent in the UK in March, an average of £6.2bn a week.

The ONS figures showed the seasonally adjusted value of retail sales rose by 4.5% in March, compared to the previous year, while the volume of sales was up by 1.5%.

But when measured on a non-seasonally adjusted scale, retail sales decreased by 0.1%, in volume. The biggest losers were household goods stores, which saw sales fall by 7.3%.

The non-store retailing sector, predominantly the internet, saw sales rise by 13.7% in value compared to last year and by 13.1% in volume.

Stephen Robertson, director general of the British Retail Consortium, said the picture was more positive than the BRC’s figures which showed a fall in the value of total sales. He warned that the figures for March could be revised down, as ONS figures for January and February have been.

Robertson said: “Even so, the ONS figures confirm a worrying downward trend for retail sales. Annual growth in sales values is a quarter of what it was in January and the worst since April last year.

“With DIY, clothing and even food sales suffering it’s clear customers are cutting back and extremely reluctant to spend, despite a mass of promotions and discounts.”

But he forecast that April’s figures would receive a fillip thanks to the Royal Wedding and to Easter. “That’s welcome,” said Robertson, “but won’t change the fundamentally weak conditions likely to undermine consumer confidence for some time yet.”

Linked InTwitterFacebookeCard
Add New Comment
LoginRegister

Become a Member

Create your own public-facing profile
Gain access to all Top500 research
Personalise your experience on IR.net
Internet Retailing
We are the magazine, portal and research source for European ecommerce and multichannel retail, hosting the board-level conversation for retailers, pureplays and brands across all of our platforms. Join the conversation.

© InternetRetailing Media

Latest Tweet

Internet Retailing
Tamebay
eDelivery
Twitter
Facebook
Linked In
Youtube
RSS
RSS
Youtube
Google
Linked In
Facebook
Twitter