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Saturday, May 29, 2004

Britons More Than Double Online Spending -Study

Britons have more than doubled the amount of money they spend online over the past year as ever more people do routine tasks like grocery shopping and paying bills over the Internet.Credit card provider Visa said in a study released on Friday that its UK cardholders spent over 2.4 billion pounds ($4.4 billion) on the Internet in the first quarter of 2004, up 123 percent from the same period last year.One of the biggest winners was the food and drink industry, where sales more than trebled because of a "massive rise" in people doing their supermarket shopping online, Visa said. Sales of books and music also surged, up 116 percent in the quarter.Holidays were a popular item to book online, with travel and tourism sales up 159 percent over the same period. UK online industry, always considered a leader is further getting stronger with increased volume of business.
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