Europe’s eCommerce market is now valued at €246 billion, according to new figures from the European Multichannel and Online Trade Association (EMOTA).
Europe’s eCommerce market rose by 19 per cent last year. The dramatic rise means that Europe is now the world’s leading eCommerce market. In comparison to these figures, the North American market is valued at €237 billion. Online retailing now accounts for 5.1 per cent of the total value of the European retail market.
As consumers become more reliant on smartphones to find out the best discounts and promotions in stores and online, Poundland has launched a new app to keep customers up to date on its low cost deals.
The Queen’s Diamond Jubilee will take place from June 2-5. With so many street parties planned for the celebrations, British supermarkets are hoping for a bumper spend over the holiday.
Approximately £823 million is expected to be spent in British supermarkets over the upcoming Diamond Jubilee weekend. British supermarkets are reporting record sales ahead of the celebrations.
The activity is “the biggest week we have had since the Millennium” in terms of party sales, said Tesco party range buyer Matt Compton. Demand was “far exceeding” sales for last year’s royal wedding even before the weekend had arrived, he explained. “Anything with a Union Jack on it is selling like hot cakes.”