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The online retail market has grown exponentially since its inception. This is evident especially in the UK where e-commerce is responsible for 20% of all retail sales.
Many people shop online to research brands before making a purchase, and 45% like to "buy online, then pick up in store". This is a shift in the way people shop that brick-and-mortar shops should be aware of.
1. Online retail sales in the UK
It's not difficult to see that online retail sales in the UK have grown significantly over the past few years. In fact, according to 2023 statistics, the B2C e-commerce market is expected to reach nearly $120 billion by the end of next year. This growth is fueled by the changing habits of consumers and the use of digital transformation technologies by retailers. Brick and mortar shops are losing popularity as customers increasingly prefer online retailers.
With this in mind, it's crucial for both pureplay and omni channel retailers to understand what drives consumers to buy online. To assist you in this, we've put together an assortment of sales figures and statistics that are both eye-opening as well as shocking.
Fashion is the most sought-after retail industry in the UK with 28 percent of all online sales. This is likely due to the wide selection of products and the convenience of trying on clothes without leaving home. Electronics is second with 16% of the sales on e-commerce. This is probably due to the constant need for new gadgets and a desire to keep up with the latest technology. Hobbies and leisure items are also a favorite purchase online, accounting for 15% of all e-commerce sales.
When asked why they shop online, 57% cited convenience. This is followed by 48% who pointed to price comparison and 37% said they were seeking special offers or discounts. These results suggest that shoppers in the UK are less price driven than their European counterparts and are more focused on convenience and a large selection of products.
2. Online shopping in the UK
Shopping online is becoming part of the daily routine for many UK consumers. Be it for groceries, electronics, or fashion - almost half of UK residents over the age of 65 have made an online purchase within the last year. With a wide variety of payment options available, shoppers can also choose the time and date they would like their goods to be delivered.
There are many reasons to shop online, some of the most popular include convenience, price, and availability. In fact 57% of best online shopping uk clothes shoppers mention convenience as the primary reason for their shopping habits. Then, another 48% pointed to lower prices and 37% mentioned a greater selection of choices.
UK consumers are also becoming more environmentally conscious when it comes to their online shopping habits. For example 79% of UK online shoppers report recycling boxes and other packaging materials that they use in their purchases. They could take action if their orders are not packaged in a sustainable green manner.
In addition to decreasing their environmental impact, a few customers are also seeking to make their shopping experiences more personal. For instance 35% of UK customers have bought clothing, footwear, or accessories from a retailer who has their size information saved. This allows them to bypass the return process and obtain what they want faster.
It is interesting to note that UK shoppers have been reported to be more eager than ever to wait for online orders. This could be due to the fact that UK consumers are more accustomed to the longer delivery time and know how long it takes to receive an item through the mail.
3. Online shopping in the UK in accordance with age group
Shopping online in the UK is a very popular pastime for a large number of people. Clothing and accessories are among the most popular items, followed by groceries, and media such as music and movies. Shopping online is also popular in the UK during the annual Black Friday and Christmas sales. This is because consumers find these events very convenient. Comparisons of prices and products are also possible when making these purchases.
It is crucial to remember that online shoppers are very diverse and this makes it essential for ecommerce businesses to understand what their customers are looking for when purchasing products. It is also crucial to know how much time each type of consumer spends online. The younger generation, for example is more likely to use mobile devices to shop than other groups. This is because this age group is constrained in time and will utilize multiple devices to accomplish online tasks.
The older generation tends to be more sceptical about their buying habits and less influenced by online advertisements. They also prefer to visit high-street stores to experience products before making a final decision. This does not mean they will not buy online. The convenience and Which Supermarket Is Cheapest For Online Shopping ease of online shopping are still appealing.
A second interesting factor to take into consideration when shopping online is that older people are more likely than younger generations to expect and expect free shipping on all of their purchases. In addition they tend to drop their shopping carts if they think that shipping costs are excessive. Moreover, 61% of those over 55 say they'll add more items to their carts in order to reach the free delivery threshold.
4. Online shopping in the UK depending on gender
In the UK both genders are equally likely to shop online. Women are more likely than men to make large purchases such as electrical and furniture. Both groups are more likely to shop for fashion as well as health and beauty, home and garden, and consumer electronics.
In addition, UK consumers are increasingly looking for businesses that are environmentally-friendly and community-based. Studies have found that 70% of consumers are influenced by the way a retailer responded to the COVID-19 pandemic with 69% looking for brands that support and collaborate with their local communities.
Shoes and clothing are the most sought-after items for online shopping in the UK. In fact 62% of British women who shop online bought these items by 2020. Online sales aren't limited to clothing. Other products such as kitchenware, jewellery and sports equipment are also available.
Shopping online is becoming increasingly popular to find most affordable deals. In fact, some analysts have predicted that ecommerce sales will make up nearly one-third of all retail sales in 2024.
While some retailers are struggling to keep up with the growth in online sales, others are thriving. Particularly, online sales are booming for health, fashion, beauty, home and gardening as well as consumer electronic.
In the future, online shopping for these products is expected to continue to grow. With the number of people with access to the internet increasing It is expected that more more people will turn to online shopping in the future. With the increasing popularity of this method of shopping, it is essential for retailers to make sure their sites are optimized for mobile devices and that they offer an easy and secure checkout process.
5. Online shopping in the UK by region
The UK is a top European online marketplace. When shopping online, the UK's consumers are influenced primarily by price, convenience and the variety of items. These factors make it a great place for retailers who want to improve their web presence and provide a seamless shopping experience.
During the COVID-19 Pandemic, online sales increased dramatically because consumers were looking for safer and more convenient alternatives to store purchases. This trend has continued even after the pandemic as consumers continue to embrace shopping online as an alternative.
Online shopping is a major part of the UK retail industry There are estimates that it will comprise one-third of all retail sales in 2024. This Which supermarket is Cheapest For online shopping because of the increasing adoption of ecommerce by consumers and technological advancements.
In the UK, 57% of online shoppers cite convenience as the main reason for them to shop online. This is closely followed by 48% who state that it is easier to find deals and special offers as well as 37% who say there's a greater variety of products that are available online. This contrasts with Europe, where a greater percentage of shoppers stated lower prices as the primary reason for their purchase online.
Consumers are also open to trying new brands and products when they shop online. Nearly 25% of shoppers online have bought items they've never purchased on the high-street previously, and a majority are willing to test new items when purchasing from an online marketplace like Amazon. UK shoppers are fond of the buy now and pay later checkouts. 29% of online buyers have made use of this method in the last year.
Additionally an effective return policy is a crucial aspect of the e-commerce landscape for the UK. The majority of shoppers (59 percent) will research a retailer's returns policy before purchasing, and a majority will expect the retailer to be responsible for both organizing and paying for return shipping.
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