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News Release

London

Cyber Monday – the implications for Real Estate?

Jones Lang LaSalle comment


London, 3rd December 2012 – Analysts predict the biggest day of the year pre-Christmas for online sales is expected to be today, Monday 3rd December, the UK’s “Cyber Monday”. Researchers at Experian forecasts 115 million visits to UK retail websites, equating to a 36% rise on 2011, which saw 84.6 million visits, with 28% of these visits going to eBay and Amazon. The researchers also predict 15 million hours will be spent online on Cyber Monday. 


James Brown, Head of Retail Research and Consulting at Jones Lang LaSalle comments: “There is a lot of hype around online, which is unsurprising considering its relative infancy and the strong year on year growth it enjoys. Online still represents a relatively small proportion of sales for UK Retail, but clearly is an increasing threat to virtual, downloadable product retailers."
"For the rest, online is a key channel in a multi-channel retail world. It will add to the retail experience both in-store and online. The game changer is changing the game for the better, for consumers and retailers alike. Landlords are adapting but will inevitably lag the pace of change."
Please see BCSC research: The rise and rise of Multi-channel retailing for detailed information on the implications multi-channel retailing will have on the future development of floorspace. 
 
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Notes to editors:
 
- UK’s “Cyber Monday” falls one week after the US’s “Mega Monday” which this year fell on Monday 26th November after the Thanksgiving weekend.
- All predicted figures were provided by Experian, the global information services company.