Online sales soared by 13 percent as the ONS reported better than feared November retail sales figures, says ParcelCompare.
Today’s Office of National Statistics (ONS) retail figures defied many analysts’ gloomy predictions with overall spending up 5% year on year in November. Online spending continued to drive retail growth as e-commerce sales soared by 13.1 percent over November 2017.
The home delivery expert ParcelCompare says the most significant result was that for the first time ever UK internet sales grabbed over 20% of all retail. ParcelHero’s Head of Consumer Research, David Jinks MILT, says: ‘Online sales took 21.5% of all consumer spending in November. That’s a trajectory we believe will continue to grow rapidly through 2019.’
Founded in Manchester in 2006, the Boohoo group (LON:BOO) started life as boohoo.com, an inclusive and innovative brand targeting young, value-orientated customers. For over 10 years, boohoo has been pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7. boohoo has grown rapidly in the UK and internationally, expanding its offering with range extensions into menswear through boohooMAN.
