Ecommerce in The United Kingdom
The United Kingdom is one of the leading countries in the western world. As one of five permanent members of the UN Security Council and a founding member of NATO, the UK is an influential country with an important economy. It’s an active member of the European Union, but it chose to remain outside of the Economic and Monetary Union and therefore keep its pounds and pennies. In 2016, The Brits have voted for Brexit, which means the United Kingdom will withdraw from the European Union.
THE UNITED KINGDOM
|Population||63.7 million people|
|– % internet users||82%|
|Online sales||€157 billion (2015)|
|Online stores worth mentioning:||Tesco, Asos, Argos|
- Ecommerce customers in the United Kingdom
- The ecommerce market in the United Kingdom
- Big online stores in the United Kingdom
- Latest ecommerce news from or about the United Kingdom
Ecommerce customers in the United Kingdom
In the UK credit cards are the most popular payment method for purchased made online. Almost forty percent of all online transactions in the UK are paid by credit card. More than 3 in 10 online transactions take place thanks to debit cards. Another popular online payment method in the UK is PayPal, which together with credit and debit cards represent 96% of all online payments.
Fashion and sporting goods are a very popular product category in the United Kingdom, followed by travel and household items. Other popular product categories are movies & music and books & magazines.
According to an article in the Daily Mail 82% of British internet users regularly shop online, which is the highest of the 28 EU member states. It’s estimated 70% of UK consumers now owns a smartphone. In the last quarter of 2013, one in three online sales in the UK took place via mobile devices.
The ecommerce market in the United Kingdom
According to data from the Centre for Retail Search, online sales in the United Kingdom accounted for 10.7% of total retail sales in 2014. It was worth 110.5 billion euros in 2013 according to IMRG/Capgemini. Newer data, from the Ecommerce Foundation, shows that ecommerce in the UK was worth 157 billion euros in 2015.
Big online stores in the United Kingdom
The biggest players in the UK’s online retail market are Amazon (16 percent market share), followed by Tesco (9%) and eBay (8%). Other big online retailers are Asos, Argos, Play.com, Next and John Lewis.
Latest news about The United Kingdom
The British fashion retailer New Look want’s to further benefit from the German market and has launched a local online shop. The company wants to get a share of the online fashion market in Germany with its wide product range and a daily selection of new styles.
Consumers in the UK are spending 5.77 billion euros less with their favorite high street retailers online than they would have if there were more delivery options. If same-day delivery was a possible option, 72 percent of consumers would shop more, spending an average of 198 euros extra each year.
Software solutions provider ePages has announced a global partnership with cloud accounting software Sage. Now, online shop owners in the United Kingdom can use ePages and Sage One Software combined for their retail business. Further roll outs across Europe and in the US are planned for the coming months.
eBay will be introducing a new delivery service later this year. The platform will be built from scratch by Shutl, the company eBay acquired in 2013. This new platform will allow eBay sellers to chooce from a range of delivery options across major UK couriers and print labels.
Last update: September 2016