No Brexit plans in place for two thirds of British retailers

No Brexit plans in place for two thirds of British retailers

Almost a third of retailers have seen their international online sales rise as the pound as weakened following the UK’s vote to leave the European Union, and more than half say they’ve seen an impact as a result of the 2016 referendum, according to new research. The research findings, from cross-border ecommerce specialist Global-e, suggest that the effects of Brexit on UK retail may be less black and white than some commentators anticipated. The impact of Brexit has seen mixed results, with...
UK retailers missing out on £13.6 bn mcommerce market

UK retailers missing out on £13.6 bn mcommerce market

New research from PayPal UK, Google and OC&C Strategy Consultants has revealed that mobile shopping is growing faster than anyone could have predicted. Currently, says the report, £13.5 billion is spent via mobile. By 2020, two thirds or roughly £43 billion of UK ecommerce purchases will be made on a smartphone, as the value of mobile transactions trebles from in just four years. It argues that by 2020 80 per cent of all online retail will involve a smartphone at some stage. Nonetheless,...