Ecommerce firm predicts 50% rise in online shopping
An Irish ecommerce firm has predicted that the number of consumers shopping online this Christmas could increase by as much as 50% as compared to the same period last year.
Magico.ie said that, although traditional high-street retail activity is suffering a downturn, internet sales in Ireland are likely to smash all previous records this year.
The company warned, however, that the Irish retail sector had not fully explored the potential of the online shopping market and was losing out on potential business to competitors throughout the world.
It indicated that many Irish small and medium enterprises needed to adapt to the growing trend among consumers who were opting to order their gifts from the comfort of their own home.
"There is no doubt that the internet has transformed the way Irish consumers shop and interact with the companies from which they buy," said Mr Paul McGurran, Director of ecommerce, Magico.ie.
"Consumers are using the Web to research gift purchases in the lead-up to Christmas. Once they have narrowed down their selection many shoppers will actually visit numerous stores based on this research. Therefore, for a certain category of shopper the internet is the first place they look prior to making a store visit."
Mr McGurran added that the increase in online retail activity was stimulated by other factors, including time-poor consumers, greater broadband penetration across Ireland and Irish people living abroad.
He said: "There is a growing tendency for shoppers to leave Christmas gift buying later into the festive season and due to time pressures many will purchase online. The online shop also takes on the role of shipping items onwards to the recipient."
"Many Irish abroad find the web the obvious place to do their Christmas shopping for family still based in Ireland. This works both ways - some ex-pats will go online and use Irish-based online shops to get attractive shipping rates, and conversely some Irish-based consumers with family abroad may also send gifts via local online shops to friends overseas.’
The increase in shoppers using the internet to purchase Christmas gifts is not an Irish phenomenon, with similar trends being experienced throughout much of Europe.
Research shows that increasing numbers of people spend more time researching and buying online in the run-up to Christmas in comparison to those who do the same on the high street.
