Online shopping will account for more than half of all retail sales in the UK within the next 10 years, new research has predicted.
Ecommerce sales will gobble up 53% of the retail market by 2028, up from 19% currently, according to a report by Retail Economics and law firm Womble Bond Dickinson.
The research, titled The Digital Tipping Point, suggests the “digital retail-revolution is only just getting started”.
The forecast surge in online sales will be spurred by three main factors: the changing demographic of the UK adult population, the development of faster, cheaper, in-home deliveries and the declining number of physical stores.
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