Investing in Technology and E-Commerce

Investing in Technology and E-Commerce

Ekavat Blog

If you thought the online sales of goods and services has plateaued, then think again. During the Black Friday and Cyber Monday weekend, sales was 35% more than in 2014. The total sale over the weekend was £3.3bn. The sales number on Black Friday alone was £1.1bn (£810mn in 2014) and Cyber Monday sales were £968mn (720mn in 2014). The sale of £1.1bn on Black Friday is a record for the UK and the first time sales on a single day has crossed £1bn.

The footfalls in shops across the weekend was down 9.6% over the previous year, which goes to prove the increasing importance of online shops that are also mobile compatible. Retail parks however showed a slight increase (about 5%) in the increase in the number of shoppers on Saturday and Sunday possibly due to shoppers using the "click and collect" option (to purchase online and collect the items in store).

Amazon has said that this year's Black Friday clocked 7.4mn items being sold, a record for 1 day sales.

Value of online shopping around Christmas period is increasing steadily, as per graph below.

The trend of online shopping is estimated to increase further. According to a report in BBC, the online shopping is estimated to increase by 45% to £62.7bn.

If you would like help with eCommerce, online booking and payment, please contact us on info@ekavat.co.uk or call us on 0800 002 9298.

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