Online shopping – growth area for U.K. retail

While some retail areas are struggling at the moment, a new study suggests that the U.K. leads the way in one key area – internet sales. According to a BBC report looking at research from the Boston consulting group, ‘the internet contributes to 8.3% of the UK economy, a bigger share than for any of the other G20 major countries.’ The internet economy is estimated at £121bn in 2010. With the trend forecasted to rise significantly, this could be good news for small or medium sized businesses who have invested in online rather than high street space. To look for reasons why the British prefer online shopping, it’s worth taking a look at some of the many comments generated by the article. Suggestions include the poor state of high street retail, parking charges and on a more positive note the well-designed and easy to use websites of U.K. based companies. Read the full article here http://www.bbc.co.uk/news/business-17405016