UK Internet Shopping Slows Down in August

The online shopping revolution in Britain is showing signs of reaching a peak after internet sales in August grew at the slowest rate on record.

Online sales increased by 5% in August compared with sales in the same month last year, the lowest increment since online sales data started being collected in 2000.

The rise of online shopping has forced shops to close, transforming British high streets, and led to internet retailers, such as Amazon, Asos and Ocado, becoming household names.

However, sales growth has been sluggish throughout 2015, suggesting it might be approaching a plateau.

Online sales account for a fifth of non-food retail sales in Britain, but for some individual retailers, such as Argos, it is approaching half.

Via The Guardian

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza