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. More tips for ecommerce in the United Kingdom can be found at EcommerceWiki.
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
Payments processor Worldpay has launched a pilot scheme, which enables microbusinesses to accept payments from costumers with an app instead of needing a card terminal. What is said to be an industry first could really help small businesses with accepting card payments easily.
It has become commonplace in the United Kingdom to use a smartphone to buy goods and services online. This year, almost 59 percent of digital buyers in the UK, which corresponds to over 25 million people, will make online purchases using their smartphone.
Only one week after Ikea announced it has plans to sell its products through third-party websites, the Swedish retailer is now offering select Ikea products through Amazon. Thousands of products are available in all countries where Amazon has a dedicated online store.
Traditionally, consumers spend the most money online in December. But new predictions show that November might be overtaking December as the year’s peak trading month. If the estimates are right, November will see a record 20 billion pounds (22.7 billion euros) spent online.
About four in five adults in the UK think that online food retailers should give the same kind of information about the product’s country of origin on the website as there can be found on food packaging in supermarkets shelves.
Last update: February 2017