Online sales growth is expected to increase by 7.8% in 2020
E-commerce in the UK grew 6.7% in 2019, compared to 2018’s 11.8% growth rate, according to Ecommerce News.
Due to a difficult start, as online retail sales grew only 5.4% in the first half of the year, compared to the same period in 2018. In the second half, e-commerce sales grew by 7.6% year-on-year.
In November, online sales increased by 16.4% year-on-year, meanwhile, December achieved a growth rate of 9.4%.
The final quarter has been a lot more positive for online sales growth than it has looked for a long time, plus we’ve had the election and Brexit should actually, finally, become something. There are also major sporting events galore in 2020 which could stimulate retail spending