uSwitch: Shoppers turn to internet in the credit crunch
www.moneynews.co.uk > General finance > uSwitch: Shoppers turn to internet in the credit crunch
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Money News |
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uSwitch: Shoppers turn to internet in the credit crunch
Tue 12th Aug 2008
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The comparison and switching website found that UK retail sales on the high street dropped 3.9 per cent in June, their sharpest monthly decline since records began in 1986.
At the same time, online shopping sales rose to a record £26.5 billion in the first half of 2008 and are expected to grow to £163 billion a year by 2020.
UK online sales are the top in Europe, 40 per cent higher than Germany, which comes second.
It is a more popular online activity that banking, downloading music or listening to the radio.
As many as half of businesses still do not have a website, according to BT.
The Telegraph reported Ivan Croxford of BT claiming that there is a "tremendous under-served need in the marketplace to enable small businesses to use the web as a sales and marketing environment".
Related News : General finance |
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