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Moneybookers Ltd
Online Spend Will Fall far Short of Expectations This Christmas
January 17th, 2009
Consumer spend at the major online retailers is likely to fall far short of the industry's expectations, according to leading European online payments system, Moneybookers. The UK's 28 million online shoppers say they have spent GBP9.4 billion online this Christmas according to research conducted by Moneybookers just before the big day. This total falls 30% short of the amount estimated by the Interactive Media in Retail Group (IMRG) in November 2008, which forecast online sales of GBP13.16 billion. While the IMRG expected the average internet user would spend GBP470 online this Christmas when it published estimates two months...
Source: Law & Health Weekly (2009-01-17)
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