Manchester, the city of British e-commerce

Manchester, the city of British e-commerce

Under the epidemic, the British e-commerce industry, which has been accumulating for a long time, also ushered in a major outbreak. In the midst of an economic depression, the achievements of the British e-commerce giants are exceptionally dazzling. Coincidentally, the headquarters of these two e-commerce giants are located in Manchester, an important town in northern England. Don’t be surprised. In fact, Manchester City has been targeting the e-commerce industry for some time. What is the reason for the successful transformation of the former “cotton capital” famous for industry and football? How Manchester, which played an important role in the process […]

Every day 6 billion euros “escape” London! Great losses after Brexit

Every day 6 billion euros “escape” London! Great losses after Brexit

After Brexit, the country stopped complying with a series of rules and regulations under the EU regulatory framework. It started to promote bilateral economic and trade relations by the UK and the EU’s new laws after Brexit. Almost from the very beginning, the new post-Brexit regulations have had devastating consequences for the UK’s consumer, logistics and financial industries. Consumers have to pay more than 20% extra After the Brexit, British consumers found that they had to pay extra when buying goods online from EU sellers. The additional cost mainly comes from value-added tax or business tax. Before Brexit, as a […]

U.K. retail sales fell more than twice in January lockdown

U.K. retail sales fell more than twice in January lockdown

U.K. retail sales fell more than twice as fast as expected in January as the latest national lockdown closed stores in what’s traditionally a busy period with post-holiday discounts. Sales in shops and online fell 8.2% after posting a small increase in December, the Office for National Statistics said Friday. It was worse than the lowest forecast and the third consecutive downside surprise. While the reading was less severe than the 18% drop during the first lockdown in April, it underscores the toll the restrictions are taking on retailers. All non-essential stores to shut for weeks at a time, damping […]

US Online apparel and footwear sales are growing rapidly

US Online apparel and footwear sales are growing rapidly

According to an analysis report released by Coresight Research, online apparel and footwear sales in 2020 will increase by 27.2% to $121.5 billion. Due to the epidemic, shoppers no longer went to stores to buy new clothes as frequently as before. Conversely, browsing sports pants and pyjama suits on the Internet has become a new buying habit. The market share of clothing retailers is shrinking day by day, and stores continue to close and go bankrupt. According to Euromonitor, the overall U.S. apparel and footwear growth rate has shrunk by approximately 12.1% this year. Last year’s online sales of clothing […]

Increasing pressures on the U.K. retail sector

Increasing pressures on the U.K. retail sector

The retail sector has changed radically in recent years. Factors driving these changes include internet retailing, store closures and other changes on the high street, and an increasing consumer preference for large multi-purpose malls. Since 2007, the retail sector with the most stores affected by company failures has been the clothing sector, accounting for 25% of all stores affected. Off licences accounted for 16% of stores affected and footwear stores accounted for 13% of stores affected. The Local Data Company collects information on town centres in Great Britain. The vacancy rate varies by type of retail premises and region, compared […]