U.K., France, Germany make up 57.9% of almost US$70B Europeans will spend shopping online in weeks leading up to Christmas, says U.K.-based Interactive Media in Retail
November 27, 2011
– The U.K., France, Germany make up 57.9% of almost US$70B Europeans will spend shopping online in the eight weeks leading up to Dec. 24., according to holiday projections from U.K.-based Interactive Media in Retail (IMRG), Internet Retailer reported Nov. 23.
Online sales are expected to rise by 19.8% to $69.43 billion from about $57.95 billion last year. The U.K., France and Germany will make up $20.83 billion, $10.02 billion and $9.35 billion of the total, respectively.
IMRG analysis showed that e-commerce is on the rise throughout Europe. For example, in Russia, online spending rose by 30% over last year. IMRG also expected eight Western European nations to surpass the $180 billion mark by the end of this year.
The primary source of this article is Internet Retailer, Chicago, Illinois, on Nov. 23, 2011.