Online fashion sales soar 15% in March


April 28, 2013 | By RetailME Bureau

Online fashion sales have gone up 15%, says IMRG-Capgemini e-Retail Sales Index – the primary performance indicator of the UK e-retail industry – thereby boosting online retail revenue that saw a 16% rise on a year-on-year (y-o-y) basis. This came on t he back of heavy snowfalls last month that marred business for high street retailers. “Both online as well as high street retailers get impacted by unseasonal weather patterns. Hence, it was surprising to see a 15% increase in the clothing sector despite freezing weather in the UK last month,” says Andrew McClelland, chief operations and policy officer of IMRG.

On the contrary, fashion sales plummeted 3.4% y-o-y in March according to the BDO High Street Sales Tracker, a company that outlines weekly sales changes of more than 70 mid-market retailers with some 10,000 individual stores mainly located on high streets throughout the UK. In this context, McClelland observes, “I believe this happened because online shopping has become ingrained in the culture of today’s shoppers, which plays a significant role in registering double-digit growth irrespective of potentially disruptive external factors.”

Exceeding expectations of 12%, total online sales over the first quarter of 2013 stood at 15%. While there was a 243% rise in sales via mobile devices on a y-o-y basis, the average conversion rates dropped to 1.8% from 2.3% in February 2013 indicating that users are possibly adopting mobile phones to access retail websites for research or on the move rather than making direct purchases.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Lulu Group partners with Amazon expanding grocery offerings to online customers in the UAE

Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon 

Continue Reading

November 24, 2022 | By RetailME Bureau
Food Tech Valley partners with Tradeling to boost UAE’s food ecosystem

UAE-government-led initiative Food Tech Valley – announced in 2021 by His Highness 

Continue Reading

November 17, 2022 | By RetailME Bureau
Lulu Hypermarket to open in The Dubai Mall in 2023

Abu Dhabi-based supermarket chain Lulu Hypermarket is all set to open in 

Continue Reading

November 10, 2022 | By Rupkatha B
Beyond Meat’s Q3 2022 results “disappointing”

Plant-based meat brand Beyond Meat’s financial results for the third quarter of 

Continue Reading

November 10, 2022 | By RetailME Bureau
Barakat unveils new biodegradable packaging

UAE’s fresh produce brand Barakat has launched bio-degradable packaging across its entire 

Continue Reading

October 27, 2022 | By RetailME Bureau
Pure Harvest CEO Sky Kurtz

UAE-based agritech start-up Pure Harvest Smart Farms has signed a Memorandum of 

Continue Reading

October 27, 2022 | By RetailME Bureau
Carrefour signed up as anchor tenant for Midtown Project

Carrefour, owned and operated by Majid Al Futtaim – Retail in the 

Continue Reading

October 27, 2022 | By RetailME Bureau
Grandiose Supermarket announces country-wide expansion plans

Grandiose Supermarket, part of Ghassan Aboud Group, has announced expansion plan in 

Continue Reading

October 26, 2022 | By Rupkatha B
100 years of Valrhona

The Valrhona journey began 100 years ago with a cocoa bean. Since 

Continue Reading

October 24, 2022 | By Justina Eitzinger
On-demand grocery delivery in 15 mins

Deliveroo UAE has announced the expansion of its rapid grocery delivery service 

Continue Reading

October 24, 2022 | By RetailME Bureau
Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment

The Ministry of Climate Change and Environment (MOCCAE) revealed that the UAE 

Continue Reading

October 17, 2022 | By RetailME Bureau

Abu Dhabi-based leading supermarket chain Lulu Group has appointed investment bankers Moelis 

Continue Reading

October 13, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine