Christmas shoppers hit the web

We are now less than 100 days from Christmas and many people this year intend to by Christmas presents online, an expert has said.

Jason Lloyd from moneysupermarket.com claims that an estimated 70 per cent of internet users will buy presents over the internet. “The rapid adoption and use of broadband, the expected poor weather and the resultant effect on our transport systems, coupled with the added stress of fighting on the high street to get the presents you want” will all encourage people to shop online” he said.

Figures from the Interactive Media in Retail Group show online spending increased by about 50 per cent in the ten weeks before Christmas, and peaked at £7.66 billion in 2006.

This year, it anticipates the figure will exceed £10 billion as average spending is set to increase. The average amount spent online this year is anticipated to be £376 for women and £365 for men.

Financial advice site Fool.co.uk warns shoppers to give plenty of time for their shopping to ensure they do not have to cope with the cost using only one month’s salary.

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