Online Sales Expand Quickly

  • 27 Feb 2017 6:00 AM
Online Sales Expand Quickly
Online retail sales expanded about three times faster than ordinary retail trade in 2016, research company GKI Digital found in a survey conducted in co-operation with price comparison website

Online sales expanded by 18% last year, reaching an estimated Ft 310 billion. The largest increase, of 24%, occurred in sales of consumer durables.

The Christmas season accounted for 36% of total online sales in 2016.

Online transactions made up 3.9% of all retail trade last year, up from 3% in 2015.

There is a consolidating trend in the online retail market, GKI Digital underlined.

Source: Hungary Around the Clock

This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC visit and click on 'Free Trial Subscription’.

  • How does this content make you feel?