Internet retailers boom while the rest bust

UK online retailers are coining it in as internationals sales boom on the back of a weak pound. Online fashion retailers Aos reported a threefold increase in international sales with Amazon also reporting huge increases in trade from the Euro zone and beyond.

Meantime Amazon is leveraging its dominant market position by reaping the rewards of diversifying from its core offering of books, CDs and DVDs. Non-core goods such as jewellery and electricals now account for around 40 per cent of Amazon’s business.

Amazon enjoyed a 28 per cent increase in year on year sales for the first three months of this year. Amazon is outstripping an already buoyant online market. Last month e-retail sales grew by 19 per cent compared with March 2008 according to the IMRG Capgemini index.

James Roper, chief executive of IMRG, the internet retail trade body, said: "This is a golden opportunity for British retailers, who are some of the most advanced online practitioners in the world and who can ride on the UK’s global reputation for trust, integrity and efficiency."

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