;
Home / Knowledge / News / Textiles / Sales at UK's biggest e-retailers jump 23% in 2016-17
Sales at UK's biggest e-retailers jump 23% in 2016-17
06
Mar '18
Sales at UK
Sales at the 20 biggest online-only retailers of the United Kingdom have jumped by 23 per cent in the last year, hitting £8.4 billion in 2016/17, up from £6.8 billion 2015/16, says a recent survey. The sharp rise shows no sign of slowing down, with rise in mobile commerce as shoppers embrace ‘anywhere, anytime’ shopping via their smartphones.

Augmented Reality functionality in e-retail apps, allows shoppers to see exactly how a purchase will look in their home, reveals a research by UK-based professional services firm RPC. The research covers household names such as Ocado, ASOS and AO.com, as well as fast-growing brands.

RPC found that last year Marks & Spencer’s online sales were up by 6 per cent, compared to just 1 per cent for its retail operations as a whole. "The maturing of m-commerce is helping e-retailers super-charge sales. Increasingly sophisticated mobile shopping platforms are making it easy for consumers to make purchases quickly and easily whenever they want, wherever they are," said Jeremy Drew, co-head of retail at RPC.

"From being virtually unknown five or ten years ago, many online-only retailers are building strong brands and grabbing more and more market share. Innovative business models and rapidly evolving new technologies such as robotics and AI are enabling e-tailers to be increasingly agile and responsive to customers, while still keeping prices down," stated the study adding that there is an increase in the number of bricks-and-mortar retailers investing heavily in their online offerings too.

Online retailers are also sharpening their competitive edge by investing in automation in their warehousing and logistics to become more efficient as competition on choice, price and customer convenience intensifies, according to the study.

Karen Hendy, RPC’s Co-Head of Retail adds, "As online-only sales continue to grow strongly, there’s real potential for a wave of consolidation among e-retailers. Some of the larger players will be keeping an eye out for fast-growing platforms they can bolt-on, in order to rapidly grow their customer bases or to give themselves a foot in the door of new markets. We are already seeing this sort of strategic deal-making taking place."

In 2017, fashion e-tailer BooHoo acquired online rival Pretty Little Thing and US fashion label Nasty Gal in deals worth over £19 million. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

ILO, Sweden to promote decent work in Asian garment sector

Apparel/Garments | On 19th Dec 2018

ILO, Sweden to promote decent work in Asian garment sector

The Swedish International Development Cooperation Agency (SIDA)...

Courtesy: Ikea

Apparel/Garments | On 19th Dec 2018

Ikea to generate 10,000 jobs in Maharashtra over 3 yrs

Swedish furniture company Ikea is planning to hire 10,000, both...

ADB retains India's growth forecast at 7.3% for 2018-19

Textiles | On 19th Dec 2018

ADB retains India's growth forecast at 7.3% for 2018-19

The Asian Development Bank (ADB) has retained its India gross...

Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search