UK: Online sales slowdown for Christmas

Tuesday 17 December 2013 00:05 CET | News

UK online sales have have decreased by 23%, even though the overall basket has increased by 22% , a recent study indicates.

According to a survey by payment service provider Computop, there is a healthy expansion in the main Eurozone markets, but a slowdown in overall UK online sales in the run-up to Christmas 2013. Most significantly, for the period analysed, online merchants in Europe experienced a growth in turnover of 35% compared to 2012 - the comparative figure for growth in 2012 over 2011 only showed a growth of 16%.Research also showed that within these figures some retail sectors where doing better than others. For example, the biggest winners in growth were merchants in the consumer electronics market, which showed 18% more orders and average basket values that increased by 89%. However, the fashion industry was far less successful, with the exception of the large br

Computop has analysed payment patterns across its global payments network in Europe for the period 1 November 2013 up to 10 December 2013 compared to the same period in 2012

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Keywords: UK, online sales, e-commerce
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce