Mobile Shopping Pushes UK Online Sales To New High. British shoppers spending more online, particularly via mobile, than ever, as growth hits double digits British shoppers have recorded the largest growth in online spend for some time, new figures have revealed. The warmer weather and an increase in must-have gadgets resulted in a 13 percent year on year growth for online sales in April, according to the latest figures from the IMRG Capgemini e-Retail Sales Index. This figure was even more surprising as it followed an unprecedented four months of single-digit growth. Mobile commerce proved to be a particularly important growth sector, with April’s figures showing a 52 percent year-on-year increase and eight percent higher than March. Along with the warmer weather – which provided a boom in the amount spent on new clothing, seeing a 15 percent rise – the report, which collates data from over a hundred major retailers, also highlighted that consumers were unaffected by the uncertainty surrounding the General Election.
BFC: fashion worth £20bn to economy. Women's Fashion designed to re-inspire - Finery London | UK. London Fashion Week: Fashion industry worth £26 billion to UK economy. New figures published by the British Fashion Council on the first day of London Fashion Week value the fashion industry's contribution to the UK economy at £26 billion BY Ellie Pithers | 14 February 2014 A model appears on the catwalk during the London College of Fashion MA Show at the Waldorf Astoria Hotel, Aldwych Photo: PA The British fashion industry is worth £26 billion to the country's economy, according to figures published today by the British Fashion Council.
At a press conference to open London Fashion Week Natalie Massenet, chairman of the British Fashion Council, announced the increase of 22 per cent; up from £21 billion in 2009. This figure incorporates not only the direct impact of wholesale, retail and manufacturing on the economy, but also its effect on other industries including tourism and financial services. The fashion industry is estimated to support 797,000 jobs according to research by Oxford Economics. UK online shoppers to spend average of £1,174 each in 2015. Online shopping in the UK is to experience growth this year as consumers are set to spend an average of £1,174 via the web in 2015, which is up 9.6 per cent on 2014. Image via Shutterstock. The study from Vouchercodes.co.uk's parent company RetailMeNot observed international online shopping trends and found that British online retailers will experience a 16.2 per cent year-on-year sales spike in 2015 to hit £52.3bn, compared to £45bn in 2014.
Web transactions in the UK are set to account for 15.2 per cent of all retail sales in the UK, according to the report. The average spend per online transaction has fallen year-on-year from £57.08 to £55.76, however, Brits are set to increase the number of sales they make with an average of 21.2 purchases this year, up from 18.8 last year. Giulio Montemagno, SVP of international at RetailMeNot, said: “Investment by retailers in improving the online shopping experience and in more sophisticated consumer targeting is clearly paying dividends. Total-retail-2015.pdf. Strong Growth for Retail Ecommerce Sales in Sweden. Sweden has seen good growth in retail ecommerce sales over the past few years, and 2014 was no exception. According to a February report from PostNord, Svensk Digital Handel and HUI Research, digital buyers in Sweden spent a total of SEK42.9 billion ($6.25 billion) on online purchases of retail goods last year, representing 16% growth from 2013.
As such, digital accounted for 6.4% of total retail sales in the country in 2014. While internet users in Sweden still tended to prefer domestic ecommerce sites when it came to buying on the web, one-third of digital buyers told PostNord that they had made an online purchase of a retail good from a foreign merchant in 2014. In all, cross-border sales represented more than one-quarter (26.8%) of last year’s total retail ecommerce sales, or SEK11.51 billion ($1.68 billion). As in 2013, consumer electronics was the single-largest sector in terms of retail ecommerce sales in Sweden last year. Can Consolidation Bring Mobile Payments to the Masses?
Rocket Internet Fashion Group GFG Raises $35M, Poaches Amazon Exec To Lead It. Rocket Internet — the Berlin-based startup incubator that went public in October 2014 — is today adding more muscle to the Global Fashion Group, a cluster of five of its emerging market fashion sites that consolidated into one bigger operation last September.
The GFG has raised €32 million ($35 million) at a €2.8 billion ($3 billion) post-money valuation, and it now has its own CEO — Romain Voog, who jumped from his former role as the head of Amazon France to lead the group. The developments at GFG speak to how Rocket Internet and GFG’s other shareholders — the three largest investors are Kinnevik (25.1%), Rocket (23.5%) and Access Industries (7.4%) — are looking for better economies of scale in its operations. GFG brings together Dafiti (Latin America), Jabong (India), Lamoda (Russia and CIS), Namshi (Middle East) and Zalora (South East Asia and Australia) — fashion portals that effectively do the same thing as each other.