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 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 ecomerce 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
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
Ecommerce in the United Kingdom was worth 133 billion pounds, or 153 billion euros, last year. This corresponds with a 16 percent growth of the industry compared to 2015, when consumers spent 132 billion euros online with UK retailers. This growth was partly due to an increased popularity of mcommerce.
British online fashion retailer ASOS saw its total retail sales increase by 36 percent during the four months ended 31 December last year. Especially in the United States and Europe the online-only retailer saw its sales grow strongly. In Europe, sales increased by 49 percent during that period.
Car manufacturer Hyundai has launched it’s so-called ‘click to buy’ website, which lets customers buy a new car from their computer or smartphone. According to the press release, it’s the first time a car manufacturer offers its customers nationwide the opportunity to buy a car completely online.
DPDgroup, the second largest international parcel delivery network in Europe, has taken full control of Wndirect, a global ecommerce parcels company. DPDgroup already was a shareholder in WnDirect for a couple of years, but has now acquired the logistics company.
In the United Kingdom, 44 percent of adults add to their income by selling products or services online and 30 percent thinks they will do this regularly. And half of Britons would prefer to run an online store rather than a high street shop.
Last update: September 2016