Internet shopping hits GBP3bn in November
UK internet retail sales reached GBP3 billion in a month for the first time in November, as Britain’s 25 million online shoppers reaffirm their affinity with online Christmas shopping.
IMRG estimates that GBP3,260,000,000 was spent online during the month, at an average rate of GBP4.57 million per hour, approximately 45% (44.7%) more than in the same period last year.
November’s internet sales were more than half a billion pounds higher than those of the previous month, when the IMRG Index recorded a value of GBP2,729 million for October. This increase was ten times the average monthly increase of GBP50 million recorded during the first ten months of 2006.
During the same 10-month period two years ago, in 2004, the average growth rate was just GBP16 million per month.
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