Online Shopping To Account For More Than 50% Of UK Retail Sales: Study
Online shopping could account for as much as 50% of UK within the next ten years, a new report has found.
The findings come in a new report produced by Retail Economics and commissioned by law firm Womble Bond Dickinson (WBD), which says that the changing demographic of the UK population, coupled with faster delivery times, will lead to a rapid escalation in online shopping in the years to come.
Currently, online shopping (across all retail formats) accounts for 19% of sales, the study found.
It also suggested that there are potential risks on the horizon for retailers that don’t prioritise security when embracing the technologies needed to thrive in an increasingly digital future.
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