close

Online retailers bask in strong growth in June but firms warned of ‘slowdown’

Online-shopping-2-2

Online retail sales in the UK grew strongly once again in June as hot weather spurred near 17% year-on-year growth, but experts have warned of a potential ‘slowdown’ in coming weeks.

According to the latest IMRG Capgemini e-Retail Sales Index, both multichannel and online-only retailers performed well, reporting 15% and 19% increases, respectively.

Bhavesh Unadkat, principal consultant in retail customer engagement at Capgemini, said that June has seen continued buoyant sales online.

Story continues below
Advertisement

“We might question what the longer term effect is as Barclaycard report that one in three Brits have spent more than normal so far this summer.

“This could result in a slowdown as customers align the potential overspend so far this summer in the later months of the year, supported by four in 10 saying they will hold off purchasing big ticket items.”

Andy Mulcahy, strategy and insight director, IMRG, said: “Sales growth for UK online retail has been consistently strong so far in 2018 – in spite of the fact that there are signs of a slowdown underway.”

It is worth noting that non-essential items saw the largest growth, which does not include mobility equipment.

Nevertheless, mobility firms traditionally see a boost in sales over the summer months as people usually restricted in where they can access look for equipment to take them outdoors.

Tags : imrgonlineOnline retailonline retailer
Joe Peskett

The author Joe Peskett

Leave a Response