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Online sales tumble for the 17th month in a row in August

September 20, 2022

Via: Charged

Online retail sales tumbled by -4.1% year-on-year (YoY) in August 2022, marking the 17th month in a row of negative growth since May 2021, according to the latest IMRG Capgemini Online Retail Index.

This decline reverses the positive progress seen in July, which signalled a possible reversal of fortunes, only dipping -2.3%.

However, August Month-on-Month (MoM) sales were down -6.2% against July, markedly lower than the -2% recorded in 2019, which was the last year unaffected by pandemic skews.

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