Online spending rises by 10%

Online spending has risen by 10% over the past year.

High street shops have seen a 2.9% drop in footfall with revenues going to their online counterparts. Online sales reached a record £10.1bn, a 10% rise on this time last year.

The boom is led by electronic gadgets, with sales of electrical goods rising by 63% in November, and sales of home and garden items rising by 42%, according to the IMRG Capgemini e-Retail sales index.

Figures released by the British Retail Consortium showed visits to the high street and out of town shopping centres were down 2.9%, while the New West End Company, which represents 600 retailers found there was a fall of 4.1% in central London in the week to 15 December compared with a year ago.

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