Online retailing in the UK is growing at a phenomenal rate according to a new study by retail analysts Verdict Research, with consumer spending increasing by 33.4% to £10.9bn last year. Verdict predicts that UK eRetail sales will almost triple over the next five years reaching £28.1bn by 2011 – equivalent to 8.9% of all retail spending (excluding services such as flights, tickets and insurance).
One reason for this exponential growth in eRetail is the UK government’s positive strategy to deregulation of the telecoms market and the explosion in providers of affordable and fast broadband to an increasing percentage of the population. This has created new and exciting opportunities for both traditional ‘bricks and mortar’ retail stores and entrepreneurial sole traders.
UK eCommerce company Internet Retailer is one of a new breed of service companies offering automated fixed-price Internet shops for retail businesses and home based traders. They provide easy to run Internet shops that are suitable for all levels of technical ability and come with their own web address and business email account.
Internet Retailer CEO David Geran commented “We want to make sure that home based traders and retail businesses do not miss out on this highly lucrative market. We are finding that independent retailers, working professionals, students, retired folk and even full time stay-at-home parents are giving online retail a go either as a hobby or as a serious full time business. It is certainly true that we are a nation of shop keepers at heart!”
Schemes such as Verified by Visa and UK Government endorsed accreditation services like SafeBuy are helping to make online shopping a safer and more enjoyable experience. With Internet retail set to continue its amazing growth for years to come, now is the time to take advantage of the types of services Internet Retailer offer, and benefit from the fastest growth area of retail today.
Kaynak : 