Auctionbytes-NewsFlash, Number 2067 - June 26, 2009 - ISSN 1539-5065
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Online Shopping Set to Boom According to PayPal UK Survey
By Ina Steiner
AuctionBytes.com
Reading AuctionBytes: Online Shopping Set to Boom According to PayPal UK Survey
Nearly 4 in 10 online shoppers believe that it is easier for them to budget by purchasing items online rather than the high street, while 47 per cent believe their money goes further online. Meanwhile seven in ten consumers say they gather as much information as possible before committing to a purchase, and 62 per cent of online shoppers believe that the best deals are only available online.
The report suggests that in the 18 months up to the end of 2010, online shopping is the only area of retailing likely to record sales growth.
Link to PayPal blog
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Online shopping in Britain is set to boom from £8.9 billion to as much as £21.3 billion in annual sales by the end of 2011, according to a new report by online payment service PayPal. The PayPal UK Online Retail Report, conducted by Experian, predicts that 2011 will offer the first signs of UK retailing emerging from recession. 
