We all know that over the last few years the High Street has taken a battering with a combination of economic downturn and the rise of a new competitor marketplace online. However it would be wrong to look at this homogeneously as the High Street versus Online. Online retail sales have trebled in the past 6 years, however they still ‘only’ account for 11% of all retail sales. (see image from emarketer)
How much do we all spend online globally? Well this year, according to research from emarketer e-commerce sales worldwide broke the $1 Trillion mark for the first time. To put that into some sort of context, $1 trillion is roughly the entire GDP of Indonesia or 20 year’s of revenue (at current values) for Google Inc.
Despite the worldwide slump and recession hitting many countries, 2012′s Global e-commerce spend saw a growth of 21%. The three biggest nations, in terms of total spend were USA, UK and Japan, with China set to take second place over the next couple of years. In terms of region growth, Asia Pacific, with a surging China and newly active Japan, is set to overtake a recession hit western Europe.
Independent Boutique is an online store for women’s fashion and accessories, showcasing work from the best independent British designers. By selling together through a single platform, designers are able to reach a larger audience, while fashion-conscious shoppers get instant access to the rich talent and creativity the UK fashion industry has to offer through a single-branded environment.
We’ve reported on these pages before that Online sales are in rude health, and the most recent reports do nothing but support that claim.
U.K. shoppers spent 16% more online this year than last year, reports Capgemini U.K. Plc.