Online spending is expected to rise 15% on last year to £13.16 billion in the run up to Christmas as hard-up shoppers search for bargains on the internet, we see in Drapers.
Online spend on fashion, footwear and accessories is forecast to grow by 25% to £1.2 billion over the quarter according to a report from the IMRG and Capgemini.
Total average online spend per person will be £215. Although this is a growth of 15%, it is slower than the rate of growth in 2007 when final quarter online sales jumped 54% on 2006.
Monday December 8 is expected to be the biggest Christmas shopping day online when £320m is expected to be spent. Peak shopping time will be between 1pm and 2pm when shoppers are expected to spend £28m. This is double the amount spent by shoppers at last year's peak Christmas hopping hour, at midday on Monday December 11.
Showing posts with label Apparel and Accessories. Show all posts
Showing posts with label Apparel and Accessories. Show all posts
Monday, 10 November 2008
Wednesday, 20 August 2008
Fashion online sales up 23%
Online fashion and footwear sales grew by 23% in July as people opted to shop from the comfort of their living room in the wet weather and to take advantage of special offers on the internet - according to Drapers.
Total online spend rose by 11.3% to £4.8 billion against June, which works out at an equivalent spend of £79 for every person in the UK according to the IMRG Capgemini Index, which measures online sales from 60 retailers including Arcadia Group, Asos, John Lewis, Next and Otto UK. Against July 2007, online sales were up 15.2%, and within that fashion, footwear and accessories sales recorded an uplift of 25.9% online.
The online sales rise is in stark contrast to the British Retail Consortium's figures for high street sales in July, which fell 0.9% on a like for like basis against July 2007. Total high street sales were up 1.7% on the previous year but fashion sales were in negative territory. The BRC pointed to the clothing sector as having suffered one of the biggest effects of the slowdown in consumer spending as shoppers move further away from discretionary and frivolous spending.
Total online spend rose by 11.3% to £4.8 billion against June, which works out at an equivalent spend of £79 for every person in the UK according to the IMRG Capgemini Index, which measures online sales from 60 retailers including Arcadia Group, Asos, John Lewis, Next and Otto UK. Against July 2007, online sales were up 15.2%, and within that fashion, footwear and accessories sales recorded an uplift of 25.9% online.
The online sales rise is in stark contrast to the British Retail Consortium's figures for high street sales in July, which fell 0.9% on a like for like basis against July 2007. Total high street sales were up 1.7% on the previous year but fashion sales were in negative territory. The BRC pointed to the clothing sector as having suffered one of the biggest effects of the slowdown in consumer spending as shoppers move further away from discretionary and frivolous spending.
Wednesday, 28 May 2008
Lingerie lingers longer
The latest figures from the IMRG Capgemini e-Retail Sales Index reveals that poor weather conditions appear to boost online clothing sales whilst driving people away from the high street.
Wednesday, 16 April 2008
eCommerce Still Growing in a Slowing Economy
With shoppers trying to save money as much as possible, shopping online makes economical sense. With the ability to shop with coupons and coupon codes to save on everything from the most popular shoes to groceries, shoppers are learning how to stretch their dollars. MyCoupons.com offers coupons and coupon codes for thousands of online merchants as well as grocery coupons to use in your local grocery store.
The State of Retailing Online 2008 Marketing Report shows five shopping categories drove almost half of retail sales in 2007 and a similar pattern will continue in 2008. Among those categories are computer hardware, software, consumer electronics, apparel, accessories, and footwear.
The State of Retailing Online 2008 Marketing Report shows five shopping categories drove almost half of retail sales in 2007 and a similar pattern will continue in 2008. Among those categories are computer hardware, software, consumer electronics, apparel, accessories, and footwear.
Tuesday, 15 April 2008
Online shopping.......it's in the bag
An article from an Irish newspaper looking at the growing trend of online shopping, especially in the Apparel and Accessories sector.
More and more Irish women are turning to chilled-out cyberspace rather than stressful shopping centres when stocking up on style. And despite the fact that cynics claimed it would never take off, online clothes shopping has become the cornerstone of the eCommerce revolution, according to the latest figures.
A recent survey revealed that almost half of all consumers here don't bother to leave the sofa while shopping. And when it comes to web-based bargain hunting, it's fashion-conscious women who are fuelling the phenomenon. Fashion has joined concert tickets and CDs on the list of most popular e-purchases, with web sales of clothes soaring by 40 per cent in the past two years.
Meanwhile, fashion website my-wardrobe.com reported a staggering 143 per cent surge in sales in its second year of trading. And it was only a matter of time before the fashion industry made designs on the dotcom explosion, according to Stylebible.ie editor Elizabeth Greehy. "The fashion world is simply following in the footsteps of every other major commodity in this country by rapidly selling online," says Greehy, who runs the site for fashion followers.
Subscribe to:
Posts (Atom)
