The expansion of the online retail market is evident again with the release of figures for 2005. UK consumers bought £8.2bn ($14.3bn) of goods from websites last year - a 28.9% increase in internet marketing over 2004, according to market analysts Verdict. In cash terms that means shoppers spent an extra £1.8bn online in 2005, increasing opportunities for niche websites to meet the new demand.
Verdict says the figures show internet shopping is closing in on the £9.4bn spent in department stores in 2005. Its retail analyst, Nick Gladding, said online shopping was now a formidable competitor to the High Street as it allowed people to do the work from home, searching the web for the best value and service.
A quarter of all UK buyers now shop o View the rest of this article
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