Online sales may exceed £21bn before 2012
25 June 2009
A recent survey by PayPal predicts that online sales will rise from just under £9bn to £21.3bn by the end of 2011 - while sales on the high street will fall by up to £8.3bn, The Telegraph reports.
The report, carried out by Experian, was based on 1,000 interviews with adults. It concluded that 24% of UK adults believe that online shopping will overtake high street shopping in the future.
It also showed that around 9mn adults already shop online at least once a week.
"The predicted increase in online sales suggests that more people are coming to appreciate what they see as the benefits of shopping online, such as convenience, choice - and price," a debt expert for Think Money said.
"At a time like this, it`s more important than ever that people find ways to avoid debt, and online shopping can be a good way to save money. However, shoppers should take into account extra charges, such as postage and packaging - some purchases are still cheaper in the shops."
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