Despite having one of the highest rates of internet use along with an estimated £2bn at their disposal British adolescents have been described as the “big losers of ecommerce” due to the fact that many sites require a credit card for payment.
The Bankiwi service has been launched to cater to this niche in the market allowing parents and relatives to make regular or one-off payments over the internet and by phone.
£30m has recently been invested in JJB Sports with the majority of funds being provided by US retailer Dick’s Sporting Goods.
The lossmaking company continues its turnaround plans to transform it into a multichannel retailer. Central to that is a multichannel programme to improve its online capabilities, connecting ecommerce to the in-store experience.
Pintereset, the pinboard-styled social photo sharing website has exploded over the last year with estimated 13million users.
37% of people surveyed log in a few times a week, with 10% saying that they use the site a few times a day. And users aren’t simply clicking they are buying with 21% of consumers having made purchases.
The latest Online Shopper Intelligence study has shown that 65% of online shoppers are engaging with daily deal sites either by a direct visit to their site or by email updates.
Groupon currently holds 80% of the market share followed by LivingSocial.com and KGBDeals.co.uk.
However long-term viability of these sites is in question due to the fact that only 37% of consumers have made repeat purchases.
Upgrades to thomascook.com have helped to boost UK holiday booking sales by 19% in recent weeks it was announced yesterday.
Last year Thomas Cook announced its move to increase online distribution as part of a multi-channel approach with online sales projected to rise from 25% to between 40 and 50% over time.