Retailers miss out on billions online

Retailers are missing out on billions of euro worth of trade every year as consumers continue to do the bulk of their online shopping overseas, according to new research.

The value of goods bought online by Irish consumers has continued to increase over the past two years, growing 13% to €7.5bn.

That growth is expected to not only continue but accelerate to over €14bn worth of online sales a year by 2021.