UK e-commerce to reach pounds 3.1bn
Monday 24 May 1999
THE TOTAL value of UK transactions performed over the Internet will rise to pounds 3.1bn in 2003 from just pounds 230m last year, according to a consumer behaviour survey commissioned by Internet software company Gresham Computing. The study found that one in five 16 to 24-year-olds expected to be placing an order over the Internet in the next year. Almost half those surveyed said they would welcome a system whereby they could shop without visiting the High Street. Eight per cent of those who had purchased a PC had placed an order through the Internet. A quarter said they would be subscribing to cable or satellite.
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