£750k spent on web in one minute

11 December 2007

Lunchtime rush yesterday sees £750k spent on internet in just 60 seconds

At 1.09pm yesterday, shoppers spent £767,500 over the internet in one minute according to a payment processing company.

It is expected that this made yesterday Britain’s biggest online shopping day, ever, according to Retail Decisions.

It was predicted that the total amount spent during the day was set to reach £370m indicating a 106% increase on the amount spent on the second Monday of December last year.

“Christmas internet shopping peaks on Mondays as people buy online during their lunch break to save on more trips to the high street” said Carl Clump from Retail Decisions.

He went on to say: “Our data supports the ongoing trend that internet retailers are enjoying another bumper Christmas.”

With online spending in the UK set to reach £40bn this year, the message to consumers from the chief executive of the Interactive Media in Retail Group is to ‘shop early’ because of such high demands.