online selling

Online Selling Key To Retail Growth, Report Finds

Online Selling Key To Retail Growth, Report Finds

The key to small businesses growth is selling your products online, according to new research by Close Brothers Retail Finance. Their survey of over 500 small retailers revealed that 52% of respondents who sell over the web expect increased growth for 2017, compared to just 40% of firms who have a physical presence only. Online-sellers’ optimism is not without basis, however, as 75% of all retail growth has come through online channels since the start of the century. Despite the rapid growth of e-commence in previous years, some small businesses appear hesitant to take the leap – with 35% still without a website and 36% still not selling online. Indeed, it’s estimated such a reluctance among enterprises to adopt more mobile-friendly tech has cost UK retailers £6.6bn a year in missed sales.... »