General Article E-commerce turns 20 and my, how it’s grown

Topic Selected: Consumerism
This article is 5 years old. Click here to view the latest articles for this topic.

By Chloe Rigby

 

 

Happy birthday e-commerce! We’ve now been able to shop online for 20 years. That’s how long it is since Sting album Ten Summoner’s Tales was bought in what’s widely regarded as being the first secure online purchase. At the time, the album changed hands for $12.48 plus shipping on NetMarket. Today it’s available for £4.46, plus shipping, on Amazon, and can be streamed for free on Spotify. So what else has changed since that first transaction on 11 August 1994?

 

The popularity of online shopping

This year the industry is likely to pass the £100 billion turnover milestone in the UK, having turned over £91 billion in 2013, according to IMRG figures.

ONS figures out last week found that 74% of all British adults have bought goods or servi

Would you like to see the rest of this article and all the other benefits that Issues Online can provide with?

Sign up now for an immediate no obligation FREE TRIAL and view the entire collection