U.K ecommerce sales increase in year-over-year totals
Internet retail sales in the United Kingdom have seen strong growth recently, as research has revealed that the totals for ecommerce throughout the country have significantly increased. This comes right after the nation's retailers saw better-than-expected sales amounts for the month of September.
Internet Retailer reports that a recent study by IMRG and Capgemini revealed that online retail sales have grown by 16 percent over the past year. For September, consumers in the U.K. purchased approximately £6.4 billion ($10.25 billion) in products and services through the internet. These strong numbers also represent an 11 percent increase from the previous month. The report anticipates that for this year's fourth quarter, ecommerce sales in the nation will jump to 15 percent year-over-year, according to the source.
These positive numbers come on the heels of solid retail sales in U.K. for September. Bloomberg Businessweek wrote that increased sales of winter clothing and school uniforms are one major contributor to the rise in sales. Although there are still many concerns on the minds of the country's consumers, economists are hoping that the solid numbers will continue over the next few months, as the nation looks to recover from the recession.
