Polonium

Monday, February 1, 2010

European Online Retail Sales Up

Online retail sales in Europe are set to jump 20 percent this year, far outstripping growth in store-based sales as countries like Poland, France and Spain catch the Internet shopping bug, according to new research.

The Centre for Retail Research (CRR), in a report commissioned by shopping comparison website Kelkoo, said on Monday online retail sales were likely to grow 19.6 percent to 172 billion euros (150 billion pounds) in 2010, following 22 percent growth last year.

The CRR forecast online sales growth would be fastest in Poland, up 36 percent, followed by France, up 31 percent, and Spain, up 25 percent, as they catch up with more mature markets like Britain, Germany and Nordic countries.

Read more:http://www.nytimes.com/reuters/2010/01/31/business/business-uk-europe-retail-online.html