SMEs Lag Behind as UK Online Retail Market Grows

SMEs Lag Behind as UK Online Retail Market Grows

The UK’s online retail market is set to grow by 13% in 2012 – bringing in £77bn according to research conducted by Interactive Media in Retail Groups (IMRG). This makes the UK second to the US in the global online market in terms of market value. John Andrews, managing director of IMRG, said: “This means that British retailers export more than the rest of Europe’s e-retailers put together. It is a huge business — our research found that there were 228,000 UK online retail businesses, that’s an estimated 30% more than the year before.” IMRG anticipates that this number will double to 1.5 million by 2015. The British dominance in online retail is one of the main topics of discussion at the British Business Embassy at Lancaster House in London on August the 9th. Developed by... »