Online retail sales revenue jumped by 110% during March compared to the previous four weeks, driven by movement restrictions put in place by the Government to counteract the spread of Covid-19.
That is according to new data compiled by digital marketing agency Wolfgang Digital which also found that last week alone the revenue from online retail sales was three times what it was during an average week in February, with traffic up 4%.
Overall online transactions rose 44% in February compared to March. However, traffic only rose 4% and revenue rose 2%. That's partly explained by the fact that the boost in online retail sales has been offset by a drop in other segments, such as higher value online travel bookings.