{"id":199493,"date":"2022-03-09T08:45:47","date_gmt":"2022-03-09T08:45:47","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=199493"},"modified":"2022-03-09T20:13:11","modified_gmt":"2022-03-09T20:13:11","slug":"february-shows-signs-of-return-to-normal-online-retail-spending-patterns","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/february-shows-signs-of-return-to-normal-online-retail-spending-patterns\/","title":{"rendered":"February shows signs of return to normal online retail spending patterns"},"content":{"rendered":"<p><strong>Despite February seeing a further drop in online retail growth compared to January, new figures show signs of a return to normal in spending patterns.<\/strong><!--more--><\/p>\n<p>According to the IMRG Capgemini Online Retail Index, which tracks the online sales performance for over 200 retailers, <strong>February\u2019s dip to -27% overtakes January 2022's -24.4% as the lowest ever month of growth.<\/strong><\/p>\n<p>IMRG noted that measuring February 2020 against February 2022 shows that <strong>sales are actually +16.1% higher now than they were just before the pandemic began.<\/strong><\/p>\n<p>Similarly, Month-on-Month (MoM) growth was also down only -7.7%, which is in line with the normal range of growth from January to February. The Average Basket Value (ABV) has also risen for the first time since it reached a peak last August, climbing from \u00a3108 in January 2022 to \u00a3124 for February.<\/p>\n<p>Andy Mulcahy, Strategy and Insight Director, IMRG, said: \"The unprecedented disruption from the lockdowns in 2020 and 2021 has made understanding the wild fluctuations in online growth difficult at times; +60% growth in February last year was followed by a record low this year, but overall online revenues are way up on where they were pre-pandemic.<\/p>\n<p>\"Now, for the first time since it began, the trading patterns between months have looked settled for a few consecutive months, which tells us the online \/ offline split is probably now set at the much-feted \u2018new normal\u2019. But, just as the pandemic seems to be abating in the UK, it looks like global events could potentially bring further economic and supply chain impacts. From the perspective of businesses, \u2018normal\u2019 in the 2020s is proving to mean turmoil and sudden shifts that are going to be difficult to navigate.\"<\/p>\n<p>At a category level, womenswear and menswear appear to be doing well (+25.7% and +17% respectively). Clothing as a whole was brought down by accessories and lingerie, which are still experiencing negative growth (-13.3% and -28.3%). When compared to last year\u2019s phenomenal figures, footwear, menswear, and womenswear were the only categories to record positive year-on-year growth, with home (-37.7%) and garden furniture (-34.1%) showing the biggest declines.<\/p>\n<p>Lucy Gibbs, Managing Consultant \u2013 Retail Lead for Analytics &amp; AI, Capgemini said: \"This month, orders dropped further than revenue at -39% vs last year; an increase in basket value makes up the difference. This is largely driven by home, garden and electrical categories which, despite negative YOY growth, continue to outperform pre pandemic levels. The increase here is likely to be two-fold, the basket value increase could be an early indicator of price increase, particularly in electricals where scarcity of materials and supply chain disruption effects are more acute.<\/p>\n<p>\"However, research suggests that home improvement trends accelerated by lockdowns are continuing to create demand into 2022. Other trends and longer-term impacts are starting to be understood as we emerge from the pandemic, two years on from the initial lockdowns in March 2020. However, agility, resilience and adaptability will remain key to navigate disruptions, increased costs and rising inflation.:<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":99,"featured_media":196723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[9763,20824,6,20827,10494],"tags":[22390,14403,20704,35,16455,11031],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>February shows signs of return to normal online retail spending patterns - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Despite February seeing a further drop in online retail growth compared to January, new figures show signs of a return to normal in spending patterns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/february-shows-signs-of-return-to-normal-online-retail-spending-patterns\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"February shows signs of return to normal online retail spending patterns - 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