Posts Tagged ‘online’
We are pleased to announce that the Robinson Goldsmiths ecommerce web site went live today.
The web site sells a large range of designer jewellery from Alan Ardiff, Nick Hubbard as well as selling a wide range of the popular Troll Beads.
We wish Robinson Goldsmiths good luck with their ecommerce web site.
Some 61% of the 1,000 people polled by M&M Direct and Voxpopuk.com, said that they would now be actively looking for bargains while 56% said they would save money by not spending so much on luxury items.
45% of respondents said that bargains were easier to come by online.
When asked if the credit crunch would affect their broader spending habits, 48% of respondents said no, while 54% said that it would not affect their decision to purchase cars, holidays or other large expensive items.
M&M Direct chief executive Steve Robinson said: “The survey shows that the UK consumer is in the process of becoming savvier when it comes to spending money. They want to continue to shop for what they want, but realise they can find bargains online and cut back in key areas to help combat the effects of the credit crunch.”
Related content eCommerce
Online retailing is continuing to boom in the UK despite a gloomy economy outlook, according to new research. The consumer survey of 4,000 shoppers, conducted by retail analysts Verdict Research, indicted that the amount of money spent by consumers shopping online increased by 35% to £14.7bn last year.
The growth rate was the fastest in six years, and represented about 10 times that of the UK’s retail market as whole. The top answer for opting for the internet over the high street was ‘making better use of leisure time’. The growth in internet access and users making more regular and expensive purchases online meant the growth would continue, Verdict’s report suggested. It forecast that online retail sales would reach £44.9bn by 2012, about 13.8% of total spending. But while some of this was “cannibalisation” – people buying via their computers what they would previously have gone to shops for – physical shopping was far from doomed, the report said. “There is still a need and place for physical locations – the key is to ensure that synergies with online retailing are exploited to drive footfall to stores,” Verdict said. “While having an Internet presence is vital, giving the consumer choice by establishing strong links between the in-store and online offer is now essential.”
The development of faster broadband had made the process of shopping quicker and easier for many people, Verdict concluded, while many saw it as a way of getting cheaper prices. “The internet is widely perceived as a cheaper and easier way of finding lower prices and bargains in most sectors,” said Malcolm Pinkerton, Verdict’s senior retail analyst. “As the cost of broadband falls, consumers become accustomed to internet shopping and retailers continue to enhance their online propositions, the channel will find itself extremely well-placed to capitalise on the falling consumer confidence and lower levels of disposable income currently impacting the retail market.”
Online sales of clothing and footwear soared by 20% in April, while internet lingerie sales have risen 72% year-on-year, according to the IMRG Capgemini e-Retail Sales Index.
The index found that consumers spent £326 million online on clothing and footwear in April.
Since April 2000, when the index began monitoring online sales, more than £150 billion has been spent online in the UK.
Could eCommerce boost your company’s annual revenues by an additional 5-10%?
It is very interesting and important to compare high-street retailers with mail order companies. In the UK more than 1 in 10 books are now purchased online, that is over 10% of the actual market share.
John Lewis’ online sales now exceed total sales of it’s largest Oxford Street department store and many specialist mail order companies have expanded online revenues to exceed 25% of total turnover.
Littlewoods has ramped up its target for the proportion of business it wants to do online from 50 to 70 per cent, having achieved its original goal three years ahead of schedule.
www.wdsinternet.com/ecommerce.aspx
