UK is Europe's biggest online retail market - by Susie Mesure
The challenges facing traditional high street retailers from their Web-based rivals is underscored today in a report that shows the UK overtook Germany to become Europe's biggest online retail market last year.
European internet retail sales surged 51 per cent in 2005 to €40.2bn compared with 2004, yet online shopping is still just 2 per cent of the total retail market. It expects the market will grow by 186 per cent between 2005 and 2010, when sales are tipped to reach €115bn.
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