From BBC News
Business - Friday, 13 December, 2002, 07:23 GMT
UK online shoppers 'break £1bn
mark'

The take-up of broadband is helping internet
sales
For the first time, UK consumers have spent more than £1bn ($1.6bn)
in just one month shopping online, according to a survey.
The retail group
IMRG said that sales broke through the £1bn mark last month,
and have nearly doubled over the past year.
The growth in internet shopping
is running about 15 times faster than that of general retail
sales, the survey found.
With the US market
taking its toll from the economic slump, the UK consumer
is on his or her way to becoming the world's largest
spender online
Jaap Favier, Forrester Research
|
IMRG also said
that online shopping in the UK was growing three times faster
than in the US.
"This high growth
confirms that UK consumers at large are getting very confident
with online purchasing," said Jaap Favier, research director
at Forrester Research, which carried out the survey.
"With the US market
taking its toll from the economic slump, the UK consumer is
on his or her way to becoming the world's largest spender online."
Net profit
The study said
that consumer demand for shopping online was "broad based and
evolving", and November's sales figure represented a jump of
10.1% on the previous month.
The take-up of high-speed broadband internet links is thought to be one factor
behind the speedy growth.
"Broadband's rapid
take-up is already having a profound impact on online shopping,
setting exciting new expectations for consumers," said IMRG
chief executive James Roper.
"Its fast connectivity
enables consumers to nip to the stores online and enjoy a hassle-free
rich online shopping experience."
Leap in sales
IMRG's November
online sales figure was based on sales of £218m of 77 surveyed
e-tailers, accounting for 23% of the estimated online market.
Online sales have
risen by 95% over the past year, IMRG said, compared with a
rise of just 6.1% in general retail sales.
US figures for
the July to September period this year showed online shopping
sales were more than $11bn, representing 1.3% of total US retail
sales, an increase of 34.3% on the same period last year.
In the UK, online
sales over the same July to September period reached £2bn ($3.14bn),
representing 4% of total UK retail sales, up 114.5% on the
same period in 2001.