The UK retail landscape has undergone significant changes over the past decade with the rise of e-retail. E-retail spending has grown from an estimated £0.8 billion in 2000 to £57.8 billion in 2010, with over 90% of UK retailers now having online stores. Multichannel retailers that operate both online and physical stores have seen the most growth. Social media has also become increasingly important, with over 40% of UK retailers using sites like Facebook. Mobile commerce is an emerging trend, with over 40% of retailers planning mobile sites within a year.
27. Mobile Commerce 41% of UK retailers plan to have a transactional mobile site or app in place within the next year. 59% of retailers expect their mobile revenues to increase over the next 12 months. 51% of consumers across 11 countries used their mobiles over the festive period last year for in-store activities. (Motorola) 10% of Britons will shop via mobile devices for Christmas gifts this year. (Tesco)
28. Christmas 2010 Mega Monday (6 December) peak online shopping day. Britons will spend an estimated £0.5bn on 5th and 6th December. Busiest hour will be between 12pm and 1pm on Mega Monday. £23.2 million will be spent in one hour. During the busiest minute almost £1m will be spent. Total spend during November & December will reach £12.4 bn.
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