A new e-commerce report from Verdict Research has indicated that online retailing might be immune to the credit crunch now affecting Britain. Spending rose 35% last year, to around $29 billion, a growth rate 10 times that of the total British retail market – and this in spite of the credit crunch around the corner at the time.
In fact, it looks as if the online market might prove immune to worsening economic conditions, as the report estimates that online sales in the UK could rise over $89 billion by 2012.
