Online shopping
Year-on-year growth in online spending slowed to just 14.8 per cent in September

E-commerce begins to suffer as downturn bites

Latest figures show fall in year-on-year sales growth

Phil Muncaster

E-retailers could be the latest sector to face leaner financial times, according to figures from industry body the Interactive Media in Retail Group and consultancy Capgemini released today.

The IMRG Capgemini e-Retail Sales Index found that year-on-year growth in online spending for September slowed to just 14.8 per cent, compared to 73.2 per cent for the same month in 2007.

Advertisement

September 2008 was also the third consecutive month in which year-on-year growth was below 20 per cent, according to the research.

However, the e-commerce market still remains buoyant with £4.8bn spent online last month. Clothing, footwear and accessories was the most popular category, seeing a 24 per cent increase in sales on the previous month.

"What the figures do not show is how the internet is influencing consumer
purchase decisions at a time where we are all seeking greater value for
money," argued Mike Petevinos, head of consulting for retail at Capgemini.

"The internet not only provides shoppers with the choice and data they need to make more informed decisions, it also provides retailers with the ability to communicate more targeted offers to consumers."

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Do you agree?

Further reading

Online shopping

E-retailers urged to prepare for Christmas

Credit crunch sending shoppers online for cheaper presents

eBay

EBay announces job cuts and acquisitions

Headcount reduction and new purchases designed to improve operations

European e-retailers failing on cross-border commerce

New EU study shows three-quarters of retailers not making cross-border sales

Online retailers failing on customer service

E-commerce vendors still letting down users, says report

Related whitepapers

Related jobs

Most watched

Xperia X1

Video Review: Sony Ericsson Xperia X1

First Looks Editor Ian Williams gets hands on with the Sony Ericsson Xperia X1

iPhone

Video Review: iPhone 3GS

We put Apple's latest iPhone through its paces

IT white papers

Search white papers

Top categories

Poll

Poll: Summer smartphones

Poll: Summer smartphones

Which smartphone will you be taking to the beach this summer?

View poll results

Advertisement

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Spotlight

Top 10 IT thrillers

Off-the-wall innovations that make life as easy as 1-2-3

Windows logo

What does Windows 7 mean for Microsoft?

With the sting of Vista still fresh, Redmond has to...

david cameron

V3.co.uk weekly debrief, 10 July 09

This week Conservative Party plans for decentralised data storage and...

Small office

SME tech sales tough despite projected success

Midmarket organisations still tend to rely on manual processes

Primary Navigation