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19/03/2002
E-retail fall fails to dent confidence in growth sector
According to the internet e-retail body, Interactive Media in Retail Group, online sales in January dipped from almost £520 million to £415 million in January.
E-retailers blamed the poor monthly online retail index in January, the latest period for which figures are available, on strong December sales that had left many online stockists with little inventory to shift. This in turn fed through to many e-retailers having little remaindered stock to push in the post Christmas period when such inventory is usually discounted in the January sale period.
However, e-retailers claimed that the overall online retail sector performance was holding up well at around 6 per cent of high street spending in the post Christmas period.
Analysts point to the fact that the sales pattern closely matches that of the high street sector and that this evidences the maturing nature of e-retailing in the UK.
The e-retail sector in the UK continues to anticipate a growth by up to 80 per cent and the dip in January sales is not widely considered to be the start of a trend.
(SP)
E-retailers blamed the poor monthly online retail index in January, the latest period for which figures are available, on strong December sales that had left many online stockists with little inventory to shift. This in turn fed through to many e-retailers having little remaindered stock to push in the post Christmas period when such inventory is usually discounted in the January sale period.
However, e-retailers claimed that the overall online retail sector performance was holding up well at around 6 per cent of high street spending in the post Christmas period.
Analysts point to the fact that the sales pattern closely matches that of the high street sector and that this evidences the maturing nature of e-retailing in the UK.
The e-retail sector in the UK continues to anticipate a growth by up to 80 per cent and the dip in January sales is not widely considered to be the start of a trend.
(SP)
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