January Key Highlights:
- In January 2022, UK online retail sales reported a 24.3% Year-on-Year decrease
- Month-on-Month, the industry decreased 32.3% from December
- Clothing was the only sector to start the year with positive year-on-year growth
Online retail started the new year with the worst Year-on-Year performance ever recorded in the history of IMRG’s market tracking. The result is actually as expected, given the extraordinarily high performance from January 2021 (+61% YOY). The market is highly likely to be reporting similarly heavy Year-on-Year declines until March. The start of last year reported some of the highest growth rates ever recorded in ecommerce, consequently the annualised figures are anticipated to fall short.