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 voted for Brexit, which means the United Kingdom will withdraw from the European Union.
THE UNITED KINGDOM
|Population||66.8 million people|
|– % internet users||96%|
|Online sales||€222 billion (2020)|
|Online stores worth mentioning:||Tesco, Asos, Argos|
- Ecommerce eventsin the United Kingdom
- 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 events in the United Kingdom
Every year there are several ecommerce events being organized in the United Kingdom. We have a handy ecommerce events calendar, where you can find all the major online retail events in Europe. But you can also check out only the ecommerce events in the United Kingdom.
Ecommerce customers in the United Kingdom
A study from the Ecommerce Foundation in 2019 shows that PayPal is, by far, the most popular payment method in the United Kingdom. Over 40 percent of buyers have used PayPal at least once in 2018. Credit cards (23.7 percent) are also popular, followed by prepaid cards (17.2 percent).
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.
The ecommerce market in the United Kingdom
A report from the Ecommerce Foundation shows that 7.94 percent of the country’s gross domestic product is made up by ecommerce sales. An older study showed that ecommerce accounted for 10.7 percent of total retail sales in 2014. Ecommerce in the UK is expected to be worth slightly over 200 billion euros at the end of 2019.
Big online stores in the United Kingdom
Latest news about The United Kingdom
Engineering distributor group Troy UK has launched a new B2B2C platform. The platform, called Troy Commerce, allows members to procure products from the Order hub, but also enables them to design their own ecommerce stores.
Heroes, a company from the United Kingdom, has raised 65 million dollars (55 million euros) in a round led by Fuel Ventures and 360 Capital Partners. The company acquires, operates and scales small and medium-sized ecommerce brands that sell on Amazon.
Bookshop.org is a new initiative that wants to support local independent booksellers. After a successful launch in the US earlier this year, the platform has now launched in the United Kingdom.
The usage of PayPal in Europe is highest in the United Kingdom. That country counted more than 330,000 daily active PayPal users last year.
Royal Mail has launched a new service, called Parcel Collect, across the United Kingdom. Its postmen and postwomen will now not only deliver parcels on their daily round, but also collect them as well.
Read all our articles about ecommerce in the United Kingdom.
Last update: August 2020