Tag: IMRG

Internet shopping hits GBP3bn in November

Posted by | Dec 15, 2006 | |

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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Royal Mail predicts record breaking online Christmas

Posted by | Nov 23, 2006 | |

Royal Mail expects to deliver a record breaking 100 million items ordered online this Christmas – 30 million more than the same period last year.

The increase in deliveries reflects a predicted online shopping boom this festive season, with an average of GBP4 million being spent across the country every hour in the run up to Christmas. IMRG (Interactive Media in Retail Group) predicts GBP7 billion will be spent online in the ten weeks leading up to Christmas day.

Catherine Campbell, Head of Multi-channel Retail at Royal Mail, said: “Online retail continues to grow at a phenomenal rate and the predicted GBP7 billion spend represents a record 40 per cent increase on the GBP5 billion spent online in the same period in 2005.

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UK internet shopping reached a new all-time high in October

Posted by | Nov 21, 2006 | |

The IMRG Index reached 2675, eclipsing the previous high of 2602 recorded for December 2005. Sales for October were estimated to be worth GBP2.73 billion.
E-retail has grown at its fastest ever rate in 2006, increasing by an average of GBP50 million per month during the first ten months of the year. During the same period two years ago, in 2004, the average growth rate was just GBP16 million per month.

The IMRG Index is expected to climb at least a further 30% between October and the peak month of December, in line with IMRG’s earlier estimate of GBP7 billion for the 10-week run-up to Christmas, which therefore remains unchanged.

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6TH ANNIVERSARY SPECIAL REPORT IMRG INDEX

Posted by | Jul 20, 2006 | |

During the past six months, IMRG has undertaken a major study of the way the internet is affecting
consumer spending. To augment its IMRG Index data, which collects hard sales data each month
from a large pool of e-retailers whose sales represent a quarter of the UK market by value, IMRG
consulted widely with leading Government and commercial agencies, and commissioned
eDigitalResearch to conduct a series of surveys, including a consumer survey that collected 3,900
responses. The key findings are as follows.
§ £80 billion of consumer spending is either ON OR INFLUENCED BY the internet, of which:
§ £30 billion of RETAIL SPENDING* is online – a quarter of this is travel
§ £20 billion of OTHER CONSUMER SPENDING ** is online (Note: this value is difficult to
quantify, and is believed to be a minimum)
§ a further £30 billion of OFFLINE RETAIL sales is impacted by internet information, research or
stimuli
§ 10% of retail sales now take place online
§ e-retail sales have grown at an average year-on-year rate of 45% for the past 6 months
§ e-retail sales have grown 2,000% in 6 years
§ 44% of shoppers polled expect their online shopping to increase in the next 12 months
§ 90% had researched goods online then bought them offline
§ 73% assume that an item available on a retailer’s website will also be in their stores
§ 47% assume that if goods are not available in a retailer’s online store they won’t be in their
physical store either
§ 52% of consumers plan to reduce their high street spending in 2006

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