Online sales growth is expected to increase by 7.8% in 2020
UK’s e-commerce increased by 6.7% in 2019. Source:?shutterstock.com
E-commerce in the UK grew 6.7% in 2019, compared to 2018’s 11.8% growth rate, according to Ecommerce News.
Due to a difficult start, as online retail sales grew only 5.4% in the first half of the year, compared to the same period in 2018. In the second half, e-commerce sales grew by 7.6% year-on-year.
In November, online sales increased by 16.4% year-on-year, meanwhile, December achieved a growth rate of 9.4%.
The final quarter has been a lot more positive for online sales growth than it has looked for a long time, plus we’ve had the election and Brexit should actually, finally, become something. There are also major sporting events galore in 2020 which could stimulate retail spending
Andy Mulcahy, Strategy and Insight Director at IMRG
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