High speed to High Street, please.
UK
retail e-commerce sales are estimated to reach $51.8 billion (£28.1
billion) in 2011, up from $21.6 billion (£10.9 billion) in 2006,
according to Verdict Research. Online sales tripled from 2002 to 2006, and grew nearly 13 times faster than the overall retail sector in 2006.
Verdict said online shopping has grown because broadband Internet
access is now widely available in the UK at low cost. Major retailers
have also made large investments in transactional Web sites.
Interactive Media in Retail Group (IMRG), as cited in a May 21, 2007, Financial Times
article, also noted the rise in UK online spending. Looking at B2C
e-commerce overall, the firm counted travel as the biggest online
sector, followed by electronic products and apparel.
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