(1888PressRelease)
December 06, 2007 - London (Online-Unsecured-loans) : A survey from Deloitte, a financial research firm, says that online shoppers in the UK may spend £200 million a day in the run up to Christmas. The report also predicts that Christmas online spend is set to be about fifty per cent more than last year. It is likely to be followed by high Internet sales in the in the year 2008.
Earlier, a study from Forrester Research estimated that online Christmas shopping will reach £13.8 billion in 2007, registering an increase of 42 per cent in comparison to the year 2006.
With more than three quarters of British homes now having broadband Internet, online shopping is gaining ground.
In the prevailing credit market situation, many lenders have withdrawn unsecured personal loans making it difficult for the borrowers to obtain finance. Many people depend on personal finance options like Christmas loans and personal loans to meet their festival requirements.
Tarlok Teji, head of retail at Deloitte said: “We expect 2008 to deliver double digit growth in terms of Internet retailing. The number of people shopping online and the number of retailers with online stores are increasing quickly. The strongest sectors will be grocery and clothing.”
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