Get to grips with the latest e-Commerce, web development and Magento news with Richard Plant. Read on to learn about the strong growth in UK e-Commerce last month, how online retail is driving surging investment in logistics properties, and more…
Internet shopping helped drive strong UK retail growth in January, as customers turned to their computers and mobile devices to bag bargains in the New Year sales.
According to research by the British Retail Consortium (BRC), quoted by Internet Retailing, “a two percentage point contribution from [online shopping in January] meant total UK sales grew by 1.6%”.
Compared to January 2014, online sales of non-food items was up 11.7%, accounting for 18.4% of all non-food sales – although the rate of growth was lower than that achieved this time last year.
Helen Dickinson, director general of the BRC, said:
With January online sales making up their largest proportion of overall retail sales only second to November, the results show just how popular online sales were.
"As websites continue to improve, including ease of use on mobile devices, with more stock being listed online, it is not a surprise that we loved buying online this January."
The thriving European e-Commerce market is fuelling investments in warehousing and distribution properties, according to the Financial Times.
€19.8bn was spent on logistics properties in 2014, marking a 34% increase on 2013 – a seven-year investment high for the sector.
The UK saw the most investment overall, with €7.9bn invested in the sector last year. But Ireland boasted the biggest proportional year-on-year increase in investment, with a 7,200% surge, compared to the UK’s 65%.
Examples include Amazon’s new 1 million square foot distribution hub in the UK midlands, and a 200,000 square foot hub opened by ASOS in Berlin last year.
ASOS’s COO Nick Beighton said the firm had purchased a plot alongside its new hub to double its capacity. He explained:
Europe is a very big market with lots of potential so we’re investing heavily. Customers are demanding different experiences. The upstream supply chain has to change."
Are you having trouble with Magento’s in-built search capabilities? Are you considering the value of search for conversion?
Blast Lucene Search developer PHP4U has shared 5 reasons why search is important for conversion optimisation – and why you should think about investing in an improved search extension for Magento.
Here’s a summary of its points:
Read the full article here.
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