Internet: 06Jan1999

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Internet Story: 06 Jan 1999

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UK - 3bn by 2003!

3bn online retail market   By 2003 it is expected that the UK online market will be worth 3 billion!   This according to a report by Fletcher Research.   And what are we doing about it in the UK?  Letting the American's take it away.  On the whole UK retailers have such a lack of vision and understanding of e-commerce that they are letting US companies come in and ever increasingly take away their market.  According to the report, computers will dominate the online sales making up 1.3bn of the total.  Travel should be worth 490M and books & music 355M.  It's about time UK retailers woke up and smelled the coffee - soon it may be Folgers instead of Nescafe!  See the BBC report on this

 

Andrew Stringer, Pendle.Net Ltd, 1999

 


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