Online Shopping Surges Past Pre-Pandemic Levels
- UK online retail sales hit record £127bn in 2024
- Online sales growth marks recovery after pandemic decline
- Online shopping accounts for 30% of total UK retail sales
- Food goods, fashion, and clothing lead ecommerce sector growth
The value of online retail sales in the UK reached a record-breaking £127.41bn in 2024, marking the highest figure since the Covid-19 lockdown surge. This growth indicates a return to pre-pandemic levels after a 9.8% decline in 2022. Online shopping now accounts for 30% of total UK retail sales, up from 21.6% in 2019. Food goods, fashion and clothing, household goods, DIY, furniture and home furnishings, sports equipment, games and toys, and beauty and cosmetics were the top-performing sectors. The annual value of online retail sales has more than doubled over the past decade.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the growth of online retail sales in the UK based on data from Koozai and the Office for National Statistics. It also highlights the performance of various sectors within ecommerce. However, it contains a tangential reference to Richard Price’s departure which is not directly related to the main topic.
Noise Level: 2
Noise Justification: The article provides relevant and accurate information about the growth of online retail sales in the UK, citing data from a reputable source (the Office for National Statistics) and discussing the impact on various sectors. It also offers insights into consumer behavior changes during the pandemic. The content is focused and stays on topic without diving into unrelated topics.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the growth in online retail sales in the UK, which can impact companies operating in this sector and may influence their financial performance. It also highlights that online shopping now accounts for 30% of total UK retail sales, indicating a significant shift in consumer behavior.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in this article.
www.retailgazette.co.uk