Internet Shopping becomes a Catchphrase amongst Europeans

Released on = May 21, 2007, 3:48 am

Press Release Author = Shushmul Maheshwari

Industry = Retail

Press Release Summary = Europe topped the list of online shopping incidences in
2005, and it's expected that the region along with North America will continue to do
so this year (2007) as well.

Press Release Body = In its recent report on "European Convenience Stores Market
Report [2006-2008]", RNCOS has included North America and Europe as the regions
displaying highest incidence of Internet shopping, with UK, Austria, and Germany
being the topper in the list. The three countries had 95% Internet users making
online purchases, as of 2005.

It's a period of revolution for the retail industry. With an increasing number of
tech savvy consumers going for online shopping, Internet sales are on the rise and
mortar and bricks businesses are also following specialist e-retailers online.

IMRG, industry body that promotes global e-retailing, had published its research in
the 1st week of May '07. The research revealed that UK shoppers would spend 42
Billion in online shopping this year - an amount equivalent to the turnover of
supermarket giant "Tesco". Approximately 860 Million parcels would be shipped to
some 26 Million online shoppers in UK and each of the online shoppers would spend
1,600 on an average, added the research.

Several retail giants are seeing Internet as a great opportunity to further expand
their horizon. Tesco said that its online sales had hit 1.2 Billion in 2006,
whereas John Lewis, Debenhams, Comet, and Next had witnessed shooting up online

According to James Roper, Chief executive with IMRG, \"It is a bigger marketplace and
consumers can find precisely the product they want rather than just what is
available in the shops." \"You can get products from anywhere in the world. The
traditional retail model is not geared up for that," he added. THE INDEPENDENT
published Roper's statement on May 1, 2007.

RNCOS report on "European Convenience Stores Market Report [2006-2008]"notifies,
"Currently, Internet shopping is emerging as a threat to C-Store retailers who're
targeting cash-rich time-poor shoppers. Since, Internet lets them shop from the
convenience of their homes and thus they don't even need to visit the C-Stores.
However, going forward it may emerge as a big opportunity for overall C-Store

The report attempts to answer key questions such as what are the technologies that
can help convenience store markets to improve their operations, how these
technologies are increasing operational efficiency in this industry, and so on.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit:
Current Industry News:

Web Site =

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92

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