Claim your free 2010 double sided wall chart
The figure, a 54 per cent increase on the £5 billion that Christmas shoppers spent online in 2005, takes the total for internet spending for 2006 to £30.2 billion, according to IMRG, the internet research firm.
IMRG, which had forecast total annual spending of £30 billion, now expects online sales to rise to £42 billion this year.
Not surprisingly, flowers and gifts were the most popular online purchase in December, with sales up 142 per cent.
Clothing and footwear also enjoyed a strong performance, with sales up 64 per cent, while sales of electronic goods increased by 50 per cent, overshadowing the 6.9 per cent rise seen in sales of electrical products on the high street.
Despite IMRG’s optimistic predictions for online spending in 2007, a separate survey yesterday forecast that the rate of internet sales growth would decrease for the first time this year.
The study by Logan Tod, carried out by YouGov, suggested that the rate of sales growth would decline this Christmas.
It added that value for online retailers now lay in targeting high-growth market segments as a way of delivering above- average sales growth, instead of increasing the volume of internet shoppers.
Matthew Tod, of Logan Tod, said UK shoppers were tipped to spend a third more on online Christmas shopping this year.
In particular, customers aged 50 and over constituted “a major driver of growth”, having come into online shopping later than the younger generations.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
1998
£47,955
2004
£56,950
Essex
Check your free Experian credit report before applying
Car Insurance
£100,000
Barnardos
UK
£123,460 pa
The Law Commission
London
Hampshire County Council
Competitive + bonus + benefits
Manchester United
Central London
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Includes flights, accommodation with room upgrades, transfers city tours in Hong Kong and Bangkok.
PremierHolidays.co.uk
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
Choose from the beautiful landscape and tranquil beaches of Oahu, Kauai, Maui & Big Island.
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.