Online shoppers to spend nearly £8 billion this Christmas

Online shoppers to spend nearly £8 billion this Christmas. 

UK consumers are expected to spend almost £8 billion online this Christmas, despite tough economic conditions – a 14 per cent increase on last year, writes Simon Wicks. Research by the online retail membership body IMRG predicts that online shopping sales will hit £7.75 billion over the five weeks from Monday, 28 November – also known as ‘Cyber Monday’. Almost half (£3.72 billion) is expected to be spent in the first two weeks alone. The forecast is based on data from 100 online retailers and reflects the trend seen in the past two years in the run-up to Christmas. Read the full article here.