How did Manchester City successfully transform into the “e-commerce city”?

How did Manchester City successfully transform into the “e-commerce city”?

Why can Manchester City become the city of British e-commerce in just a few years? From an analysis point of view, we believe that the main reasons can be summarized as follows: 1. Geographical and transportation advantages in the very centre of the UK First of all, of course, Manchester City’s unique geographical and transportation advantages. After all, logistics services are a very important part of the e-commerce economy. As the centre of the British “Northern Revitalization Plan”, Manchester City has a huge rail and road network, connecting Birmingham, London, Edinburgh, Liverpool and other important British cities, and belongs to […]

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 […]

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 […]

Online purchases from EU are getting more expensive

Online purchases from EU are getting more expensive

Some shoppers have found their purchases from EU stores getting more expensive. It’s because not all charges are covered by a Brexit trade deal between the UK and EU. So what are these fees and how can you avoid them? I want to buy a £50 jumper from the EU, what do I need to know? Value added tax (VAT), a sales tax, has always been required on EU goods. And since Brexit, the way it is applied has changed. Previously, you would have paid the local VAT rate. So if you bought your jumper from a shop in Sweden, […]

More than half of U.K. consumers prefer digital shopping

More than half of U.K. consumers prefer digital shopping

Adventuring to different markets worldwide, PYMNTS continues to document how the digital shift that caught fire in 2020 continues shaping spend trends and consumer sentiments. The January 2021 Global Digital Shopping Index: United Kingdom Edition is based on a survey of more than 2,000 consumers and 560 merchants in the U.K. Among important findings of the new study is this: “The U.K. stands out in our study for the scale of its digital shopping shift: 54 percent of U.K. consumers now prefer wholly in-store shopping experiences. The rest are more inclined toward digital native shopping experiences in which they shop online and […]

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 […]

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. […]

Which payment method do Germans and French people use most for online shopping?

Which payment method do Germans and French people use most for online shopping?

Germany E-commerce market size (2020): 62.8 billion euros Number of online shoppers (2020): 61.2 million Online consumption per capita (2020): 947 euros   Germany’s e-commerce market share is second only to the United Kingdom. Consumers are more willing to buy goods on international websites (about 51% of online retail comes from international websites). But unlike the UK, card payments in Germany only account for 13% of the payment market. In Germany, the most popular payment method is bank transfer (accounting for 51% of online payments), of which Giropay and Sofort are prominent. Giropay was established in Germany in 2006 and […]