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Wed 07 Jul 1999Rapid growth in e-tailing puts it hot on the heels of conventional stores
The latest buzzword to hit the retail world is e-tailing. The concept of e-commerce, which was regarded as a niche-driven technology issue, now has mass-market appeal in Ireland.
Mirroring the rate of adoption of Internet-based commerce, the relatively new e-tailing market is growing at a rapid pace. A recent report prepared by Merrill Lynch indicated that UK retail sales on the Net have grown by 34 per cent to 75 per cent per annum for the last three years. It is estimated that 40 per cent of these sales came at the expense of mail order sales, with the remaining 60 per cent at the expense of conventional store-based retailers.
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