Online retail to reach ?5bn over Xmas

Monday December 7th alone expected to generate ?350 million
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UK online shopping sales is expected to reach £5 billion during December 2009, predicts Interactive Media in Retail Group (IMRG).

The IMRG also expects that the annual Mega Monday – traditionally the busiest online shopping day of the year – will generate £350 million for e-tailers this year, a ten per cent rise over 2008.

Mega Monday this year takes place on Monday December 7th, and online giant expects to process between 1,000 and 1,100 orders per minute - shipping 550,000 units to consumers. The retailer also expects its year-on-year Mega Monday sales to increase 20 per cent.

To read the full story head over to our sister site MCV.