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Online nets £1 in every £10 spent on UK retail

Article Date: 22/03/2012

Just over £1 in every £10 spent in a UK retail transaction in February was spent online, according to the latest official retail sales figures

The Office for National Statistics' (ONS) Retail Sales Bulletin for February 2012, published today, found that 10.7% of all UK retail sales were made over the internet - or £1.07 in every £10. The bulletin put the weekly average spent online at £573.6m, up from the £432.6m estimated for February 2011, when that was equivalent to 8.3% of all retail sales.

Growth in online sales outstripped that shown for total UK retail sales, which rose in value by 3.2% compared to February 2011, but just a 1% rise in volume since last year. Total retail sales fell by 0.4% in value and 0.8% in volume in February 2012, compared to the previous month, January 2012.

Read the full article on InternetRetailing.net here

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