In it to win it? Everyone has heard it one hundred plus times, however over the next two years as reported by the Daily Telegraph online sales are set to double. Even if we take into account that Paypal reported a £8.3bn drop in spending by the end of 2011, online sales are still expected to rise to £21.3bn. The £21.3bn figure is covering all of online sales from various market places but it is still a very large number.
Online retailing is very real, this is shown by the failed retailer “Woolworths” now opening an online store. Granted Woolworths will never be the same, but they are moving online to get a piece of the £21.3bn pie.
According to the news piece on the Daily Telegraph website UK retailers are enjoying the boom in online retailing even though their bricks and mortar stores are feeling the pain.
There are a lot of gaps on the high street at the moment with NOW CLOSED boards all over, but the surge in online retailing could see a lot more retailers using the web.
So we’re aiming to have a big lump of that £21.3bn consumer spend in 2011.