We can save £13 Billion a year online…
February 16th, 2007 by Lloyd Gofton
Well a uSwitch report, out today, says we can.
The report confirms consumers could save as much as £13bn a year by shopping online - £500 for every household in the country.
It also predicts online shopping will quadruple by 2020, accounting for almost 40%, or £162bn, of all UK retail sales, in comparison to just 2% in 2002.
The high street will be a very different place in 2020 at this rate and it’s sectors such as music, books and electrical goods that are already feeling it.
Internet sales will reach £40bn this year, accounting for 15% of overall retail sales. The average household spends £980 a year on online goods and services, representing 10% of the £9,630 total annual shopping bill.
The report was conducted with the Centre for Economics and Business Research and market research firm YouGov.
Reuters has the full story,here.
