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Date:20 June 2012

Growth of online retail to be focus of Olympic business legacy event

John Andrews is Managing Director of Interactive Media in Retail Groups (IMRG). He said: “This means that British retailers export more than the rest of Europe’s e-retailers put together. It is a huge business – last year our research found that there were 228,000 UK online retail businesses now, that’s an estimated 30 per cent more than the year before.”

Mr Andrews added that mobile and m-commerce had confirmed the breakthrough they had anticipated in online retail. He said: “All over the world, in emerging as well as mature economies, the use of mobile internet is rapidly increasing. In the UK, shopping through mobile devices is continuing to grow at remarkable speed with sales through mobile devices penetrating the 5 % barrier of total e-retail sales for the first time in Q4 2011.”

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