Teknovis

I read a very positive article about Asos in an Irish womens’ lifestyle magazeen during the week. The article was brought to my attention by a female family member :o

As I described in Online Christmas Shopping 2008, I bought from Asos for my first time this year. So did my female family members. We were all extremely pleased with the experience, the prices, and the purchases.

The article also states that Asos is beating the current economic downturn. In particular, it experienced a 107% rise in sales, and a 68% rise in profit. I am sure that the week pound must also be helping!

Tags: Asos, UK

I hope that everybody has a good Christmas :)

It certainly seems that Amazon did! It has announced that it had record Christmas sales this year! I am sure that there will be many people who are delighted with this ;)

For more details about this see Amazon.com up 4.9% after best-ever holiday sales.

Tags: Amazon

I did all my online Christmas shopping this week. It went very well, and I must admit that I love the comfort of shopping in my own time from my own home. I am the sort of person that researches every purchase online, thinks about it some more, and eventually purchases. Visiting real shops with a list of things to buy is an experience that I try to avoid! Now I hope that all my presents arrive soon!

I bought lots of presents on Expansys, PhotoBox, and Play (which has the bonus of being VAT free). I also bought some presents on Asos, which was my first time to buy clothes online! I really like all of these websites because they price in euro even though they are not based in the eurozone.

It really annoys me when online retailers expect Irish customers to use the UK versions of their websites. Yes – we speak the same language, but we use a different currency! I think it is just pure laziness on their behalf!

Amazon is a perfect example of such an online retailer. It has a French website in euro, a German website in euro, and an English wesite in pounds :(

Amazon Ireland

Indeed, Amazon’s approach to the EU market is very limited.

Nevertheless, I decided to give it a try this year since the pound is so weak compared to the euro. I wanted to buy a small electronics device, and the price was really good. It was only when I went to buy the item that I realised that Amazon do not ship it outside of the UK :( I understand that this might be due to the fact that Amazon does not want to be responsible for collecting old electronic devices as required by the WEEE (Waste Electrical and Electronic Equipment) directive. So I abandoned shopping with Amazon :(

There seems to be plenty of other people who are unhappy with Amazon also according to Amazon behaving badly and Amazon UK withdraws John Duignan’s Scientology exposé “The Complex” from sale “for legal reasons”.

Finally, it appears that I am not the only person shopping online this week! According to “Busiest day” for online shopping last Monday was the busiest day in the year for online sales in the UK. The busiest hour was predicted to occur between 13:00 and 14:00 when £28 million worth of goods were to be sold. Some online retailers are predicting that this year will be their busiest year ever as more shoppers buy online. There is also an interesting video showing the inside of Amazon’s distribution centre.

Tags: Amazon, Asos, Expansys, France, Germany, Ireland, PhotoBox, Play, Tax, UK, WEEE

The EU is now officially in recession, and both the EU and the member states’ governments are trying to develop strategies to ensure that the economic downturn is as short as possible.

One of the main driving forces behind any economy is consumer spending, and it is interesting to see how different governments are trying to encourage consumer spending. For example, the British government has decided to reduce VAT from 17.5% to 15% in the beginning of December. Meanwhile, the Irish government has decided to increase VAT from 21% to 21.5% in the beginning of December also! More details can be found in Darling cuts VAT in pre-Budget measures.

Since VAT is calculated at the point of sale for transactions within the EU, these changes will mean that the difference in cost between buying in Ireland and the UK will become 6.5% based on the VAT alone. This is bad news for Irish businesses (and ultimately the government), but it is great for both British businesses and consumers!

I already do a significant amount of my shopping online in other EU member states, and I will try and do even more this Christmas. I am particularly fond of shopping on Spanish websites where the VAT is 16%, and I also purchase online quite regularly on a Luxembourgian website where the VAT is 15%. Now the websites in the UK will be getting more of my business!

If you are curious about the rates of VAT in the different EU member states then take a look at European Union Value Added Tax.

Tags: Ireland, Spain, Tax, UK