Retail sales growth is accelerating as the economy recovers
Ecommerce sales are stabilizing as normalcy resumes
Growth is returning across all major ecommerce categories
Amazon dominates ecommerce in the UK, but other players are also enjoying strong growth
Key takeaways for brands and retailers
Sources
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UK ecommerce sales growth is stabilizing after years of turbulence. There won’t be a significant shift over the next five years, but modest growth has returned to all major categories—and retailers stand to reap large profits from their ecommerce investments.
Key Question: What is the outlook for UK retail ecommerce sales in 2024 and beyond?
Key Stat: UK retail ecommerce sales will reach £177.11 billion ($220.22 billion) in 2024, their highest level since 2021. However, ecommerce penetration has plateaued at 30.4%.
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