ONS: A fifth of all shopping now done online

0
16
Online sales have soared in the past few years - creating a tough environment for high street shops which are finding it increasingly difficult to compete


A record fifth of all shopping is now done online as Britain’s high streets struggle to compete with websites, new figures reveal

  • The Office for National Statistics said sales are up again after falling 0.5% in June 
  • This was partly driven healthy food sales thanks to the World Cup, experts said
  • But Britain’s high streets are still suffering as most of the growth is in online 

A record fifth of all shopping is done online as shoppers stayed away from Britain’s high streets and spend their money on websites instead, figures out today show.

The Office for National Statistics said a 18.2 per cent of sales were done online in July as websites continued to google up a bigger slice of the market.

While retail sales bounced back growing by 0.7 per cent last month after falling 0.5 per cent in June. 

The figures come amid a bloodbath on Britain’s high streets as many of the UK’s best loved retailers close down outlets amid fierce competition and dwindling footfall. 

The surge in online sales was partly down to lots of website only promotions, the ONS said. 

Online sales have soared in the past few years - creating a tough environment for high street shops which are finding it increasingly difficult to compete

Online sales have soared in the past few years – creating a tough environment for high street shops which are finding it increasingly difficult to compete

ONS Head of Retail Sales, Rhian Murphy said: ‘Many consumers stayed away from some high street stores in July, but online sales were very strong, supported by several retailers launching promotions. 

‘Food sales remained robust as people continued to enjoy the World Cup and the sunshine.’ 

World Cup help Britain’s retail sales to bounce back 

Britain’s retail sales bounced back last month – helped by the World Cup and the heatwave, figures out today show.

The Office for National Statistics said that sales grew by 0.7 per cent last month after falling 0.5 per cent in June. 

The bounce was down to strong food and drinks sales thanks largely to the sunny weather and football tournament, the ONS said. 

Food stores saw a 2.2 per cent increase in the amount spent in July this year compared to the same month in 2017. 

House of Fraser announced last week that it was going into administration – but was rescued at the last minute by Sports Direct owner Mike Ashley who has bought many of the stores.

But many other big names, including Mothercare, Carpetright and Maplin have been forced to close their shops amid falling sales.

Today’s figures show that the climate will continue to be tough for traditional high street retailers as more people go online to shop. 

Ministers have come under growing pressure to wake up to this change in shopping habits and tax big online retailers more.

and Chancellor Philip Hammond last week indicated that he could draw up egislation to impose an ‘Amazon tax’ in the UK.

Under current rules big international internet giants like amazon pay tax on twhere they bank their profoits – not on the scale of sales thyegy make in a certain country.

This means they can move their money around so they pay very little tax in the UK depsite soaring sales whih are squeezing out many high street shops.

Mr Hammond last week indicated that he could change the tax laws  so that they would have to pay tax according to their sales.

The move would mean the Treasury would get far more money and end criticisms that big internet firms are escaping with tiny tax bills.  

The Office for National Statistics said that sales grew by 0.7 per cent in July - up dramatically on the 0.5 per cent fall the month before.

The Office for National Statistics said that sales grew by 0.7 per cent in July - up dramatically on the 0.5 per cent fall the month before.

The Office for National Statistics said that sales grew by 0.7 per cent in July – up dramatically on the 0.5 per cent fall the month before.

Many of Britain's biggest high street names have had tos hut their doors this year. House of Fraser (pictured) announced last week that it was going into administration - but was rescued at the last minute by Sports Direct owner Mike Ashley who has bought many of the stores

Many of Britain's biggest high street names have had tos hut their doors this year. House of Fraser (pictured) announced last week that it was going into administration - but was rescued at the last minute by Sports Direct owner Mike Ashley who has bought many of the stores

Many of Britain’s biggest high street names have had tos hut their doors this year. House of Fraser (pictured) announced last week that it was going into administration – but was rescued at the last minute by Sports Direct owner Mike Ashley who has bought many of the stores

Which high street retailers have closed shops in 2018?

House of Fraser nearly plunged into administration but was rescued at the eleventh hour by Mike Ashley 

House of Fraser nearly plunged into administration but was rescued at the eleventh hour by Mike Ashley 

House of Fraser nearly plunged into administration but was rescued at the eleventh hour by Mike Ashley 

The year has seen a bloodbath of Britain’s high streets – with many of the nation’s retailers shutting stores and axing jobs. 

Here are some of the big name retailers which have lost out as they face fierce competition from the rise of online shopping

Carpetright: 

The carpet retailer is closing 92 stores across the UK.

These closures represent nearly a quarter of all UK Carpetright stores.

Toys R’ Us

The UK’s largest toy shop went into administration in February 201, leading to an estimated 2,000 redundancies.

House of Fraser:

The department store chain was on the verge of heading into administration but was rescued at the eleventh hour by Sports  Direct owner Mike Ashley.

Maplin:

The electronics giant has gone bust, closing shops across the country and putting thousands of jobs at risk.   

Mothercare:

The baby and toddler chain is closing 60 shops across the UK putting up to 900 jobs at risk.  

Poundworld:

Poundworld announced it was going into administration on June 11 after talks with potential buyer R Capital broke down, putting 5,100 jobs at risk. 

Homebase:

The DIY chain set to close 42 DIY outlets shut, putting around 1,500 jobs at risk.

 

Advertisement

(function() {
var _fbq = window._fbq || (window._fbq = []);
if (!_fbq.loaded) {
var fbds = document.createElement(‘script’);
fbds.async = true;
fbds.src = “http://connect.facebook.net/en_US/fbds.js”;
var s = document.getElementsByTagName(‘script’)[0];
s.parentNode.insertBefore(fbds, s);
_fbq.loaded = true;
}
_fbq.push([‘addPixelId’, ‘1401367413466420’]);
})();
window._fbq = window._fbq || [];
window._fbq.push([“track”, “PixelInitialized”, {}]);



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here