INTERNET SALES REACH NEW PEAK AT £118m AS HIGH STREET SALES PLUMMET Tuesday 15 April 2008 PDF Print Leading UK discount and voucher code website MyVoucherCodes is celebrating having this week passed the £11m savings mark for it’s shoppers in only 15 months. In direct contrast to the High Street spending slow down, consumer internet sales are continuing to reach new peaks as demonstrated by a leading discount code website that has now amassed over £118m in sales for the companies listed on its site in just 15 months. Sales via MyVoucherCodes have increased by just over 8% from February to March, further demonstrating that consumer spending is still going strong, although bargain hunters are increasingly turning to the web rather than the high street. MyVoucherCodes’ discounts have saved shoppers over £11m since the site was formed 15 months ago and despite all the talk of turmoil in the financial sector the site is also able to report that online bargain hunting is showing no signs of slowing down. For the first quarter of this year (Jan-March) sales figures have exceeded last year totalling a massive £24,468,216 with travel companies and fashion retailers generating the biggest amount of revenue and sales. MyVoucherCodes was formed in January 2007 when the Managing Director, Mark Pearson was trawling the web, finding codes and entering them onto his site and word immediately spread that if you wanted to make an online purchase his site could find you a discount code. 15 months on and visitors to the site have now spent over £118m on products from the shops listed and the unique visitor statistics stand at 36 million. The owner of the site, Mark Pearson, formed the site having noticed the “enter discount/voucher code here” box at the checkout stage when he shopped online. He decided to use search engines such as Google to see if he could find any discount codes but they were all stored on various obscure sites scattered around the internet and so he hit upon the idea of putting them all on one site. The site has proved so popular that now some of the UK’s most well known high street retailers are pro-actively coming to Mark with codes and asking him to list them on his website. Business data shows that over the last year the average discount has been 10% of the normal retail price, with figures increasing on the run up to seasonal festivities. Around 175,000 people have signed up to the site newsletter that gives people a weekly breakdown of the best codes and the companies with the biggest discounts. Myvouchercodes.co.uk monitors and updates the new vouchers and discount codes every day thanks to a combination of people sending them in to help other consumers and the site owner using technology to keep a watchful eye on the market place. Speaking about the success of the site Mark Pearson said, “The results so far this year have been absolutely phenomenal and it just goes to show that even though people are starting to find ways to try and tighten their belts, when it comes to spending they are addressing this by looking to find bargains online”. He continued, “In just over a year we have been able to grow the business to the point where we now have retailers coming to us with exclusive codes for our customers and this is because we have stuck to our promise of trawling the web, finding the best discount codes and putting them all under one roof so everyone can benefit quickly and easily”. Images of Mark are available upon request. For more information visit MyVoucherCodes ENDS EDITORS NOTES: For more information or to set up interviews with Mark Pearson please call Andy, 10 Yetis Public Relations Agency, on 01452 527898 or email firstname.lastname@example.org My Voucher Codes has been featured in the likes of The Times, The Independent, The Sun and on the BBC This is unique visitors and not repeat browsers MEDIA QUIZ: Unbranded prize (so you can pass it off as a gift) for the first journalist to send the correct answer to email@example.com Q: Who was the first person to climb Everest? This press release was distributed by ResponseSource Press Release Wire on behalf of 10 Yetis PR and Marketing in the following categories: Personal Finance, Business & Finance, Media & Marketing, Retail & Fashion, for more information visit http://pressreleasewire.responsesource.com/about.