Online spending up 16%Posted by Paul Bradley
November 12th, 2008
Bucking the trend of the recent doom and gloom figures for consumer spending, it has been reported yesterday in the national press that online spending has actually increased since last year - up 16.6% in fact from last year’s figures.
Compare that to the same period on the high street, where spending was reduced by 0.1% - the worst for three years.
As the credit crunch really starts to bite people’s wallets, more and more people are looking for their products online through e-commerce stores, where it’s often easier to price compare across multiple websites with online tools such as Kelkoo. Traipsing around the shops in town for equivalant deals can often prove too much of an effort in comparison.
In hard times like these, it’s good to know that there are businesses out there making a success, and prospering through their e-commerce websites!