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 […]

The epidemic has forced the UK to accept online shopping

The epidemic has forced the UK to accept online shopping

It has been more than a year since the British official confirmed the first case on February 1, 2020. Even if the United Kingdom first implemented a national lockdown on March 23, it has been almost a year. This year, the British economy and business were hit hard, but one industry was untouched and became the biggest beneficiary of the epidemic. This industry is e-commerce. According to data released by the British Retail Consortium, 2020 was the worst year for the British retail industry due to the epidemic lockdown impact. However, as consumers turned to online shopping for safety during […]

The U.K. e-commerce market is likely to usher in huge growth

The U.K. e-commerce market is likely to usher in huge growth

Affected by the epidemic, it will take more than two years for the British economy to return to the level before the epidemic. To this end, the U.K. has provided companies with a new £4.6 billion support plan to deal with a new wave of epidemics. The U.K. epidemic continued to spread, with the death toll exceeding the level of World War II, and the death rate rose by 12.1%. British scholars predict that if the second wave of the epidemic does not reach its peak in the next two weeks, the death toll may soar to 120,000 by March. […]

UK e-commerce GMV during the holiday season may reach 36.4 billion USD

UK e-commerce GMV during the holiday season may reach 36.4 billion USD

The development of the British e-commerce market is very mature. Up to now, the GMV brought by the British e-commerce market has accounted for 30.9% of its entire retail industry this year, second only to China (41.2%). The UK’s logistics, delivery and warehousing Infrastructure and other aspects are relatively complete. Bill Fisher, a senior analyst at eMarketer, said, “We expect that e-commerce GMV will increase by about 16.7% in the UK holiday season this year, and the logistics and delivery in the UK market seem to be ready for a busier holiday season than usual.” Besides, some consumers have already […]

British people’s favourite payment method for online shopping

British people’s favourite payment method for online shopping

The virus epidemic in 2020 has increased the number of global e-commerce users by 9.5% year-on-year, reaching more than 3.4 billion. And this growth trend will continue in 2021 and will increase by another 10% year-on-year to reach 3.8 billion. In 2020, the scale of European e-commerce reached 707.1 billion euros, a year-on-year increase of 12.7% compared with 2019. Among mainstream European countries, online shoppers in the UK, Belgium, Spain, France and Denmark prefer card payments, with a share of over 50%. But in many other countries, PayPal and local wallets also occupy a considerable percentage of the payment market. […]