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||€200 billion (2019)|
|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
James and James Fulfilment has secured an 11 million pound investment (12.1 million euros) from private equity investor LDC. With the money, the British ecommerce fulfilment company wants to further improve its software services and operating infrastructure.
Loop, a sustainable ecommerce service, will launch in the United Kingdom later this month. The service, which puts products in containers that are designed to be reused, will be made available to 5,000 early adopters from 26 March.
Ecommerce in the United Kingdom is still booming, with last year’s sales up 11 percent on 2018. This growth is also driving the delivery business. But what is the current state of the UK ecommerce delivery market?
eBay will introduce its managed payments experience in the United Kingdom, making this the third market to offer the new payments experience, after the US and Germany. The service offers buyers flexibility and choice in payment methods, while giving sellers a better way to manage their businesses.
Which online and multichannel retailers are leading the way in the United Kingdom? Every year, Internet Retailing publishes the UK Top500, which features the best-performing online shops in the UK.
Read all our articles about ecommerce in the United Kingdom.
Last update: June 2019