UK online retail market overtakes Germany
By peter.stilgoe
The UK is now officially the largest online retail market in Europe, according to Mintel. Driven by the increase in broadband use, total online spending in the UK is now at £6.69bn against £6.63bn in Germany.
Total European internet sales are up 51% on last year to a total of £27.48bn, with 2 thirds coming from the UK, Germany and France. Further growth is predicted, as online retail currently makes up only 2% of the total European retail market – this is set to rise over the next 3-4 years to 5%, when the total market will be worth £78.61bn.
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August 2nd, 2006Share
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