Online sales recorded their biggest drop in volume ever last month, though online spending remains significantly higher than pre-pandemic levels.
Online retail sales dipped 9.1% year on year in May, a stark decrease from 61% growth reported for the same period last year, according to the IMRG Capgemini Retail Index. The figures recorded in May were far below the three-, six- and 12-month rolling averages of 25%, 44% and 47%.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.