Syrox - Latest News - E-Commerce Sales Report Bumper Profits

Whilst the e-commerce sector has been recording profits throughout 2010 so far, it was announced last month that at 11%, growth across all sectors has reached double digits in July 2010 for the first time since November 2009, with the Clothing and Accessories industry increasing 14% for the eighth consecutive month in a row, and Family / Baby clothing and accessories profits increasing by 23%, when compared to July 2009. "Online shopping is growing, with UK customers alone spending a staggering 5 billion pounds last month" Online shopping is growing, with UK customers alone spending a staggering £5 billion pounds last month, with sales up 18% from April to July 2010, compared to the same period in 2009.[1] This increase of profits is not surprising. This surge in profits we are currently experiencing was foreseen in an online retail forecast written in late 2007, predicting that all Online sales (excluding travel-related e-commerce sales), would grow 36% overall between 2008 and 2012.[2] The signs are all around us. For example, a dramatic 63% growth was recorded by Laura Ashley for the first half of 2010 alone, with the popular Home Furniture and Women’s fashion brand stating that its e-commerce expansion was a contributing factor to an 8.5% leap in overall company sales.[3] News of this and other successes have encouraged several other popular high street brands, such as Aquascutum, to invest heavily in e-commerce to help boost sales and profit from the success that the fashion industry is currently enjoying online. Aquascutum Chief Executive, Belinda Earl, is confident that the website’s sales will exceed those of its Regent Street store.[4] Many businesses are aware of how they can profit by being on the internet. There are many advantages to having an e-commerce web site. The market is a global one, anyone from anywhere in the world can purchase your products and services directly from your web site. For smaller to medium sized companies, having an online presence is far less costly than having a physical presence on the high street. Running your business can be done from the convenience of your own home. So, ask yourself: How are your sales? If you are thinking about launching a new e-commerce website or if you want to give your existing website a revamp, then we can help you. Get in touch with Syrox today to find out more about our e-commerce web services.