Online retail expected to grow by over 36% in the next 18 months compared to just 1% for in-store sales in UK. Online retail is expected to be the hero amid sluggish growth for the retail sector overall according to the second annual PayPal Online Retail Report, undertaken by Experian. Against bleak growth prospects for the wider economy online retail is set to benefit significantly from improved internet access and shoppers’ belief that the internet can save them money.
Online shopping has grown much faster than the broader retail sector and is set to continue to punch above its weight by posting the largest growth in British retailing by the end of 2012. Experian predicts the internet retail sector to grow by