UK Small E-commerce Businesses Set to Expand in 2016
13% of small online businesses plan to employ more staff while 40% intend to develop their product offerings in a quest for growth
49% of the UK’s small online businesses are confident about their prospects in the New Year, according to a study carried out by eBay in conjunction with YouGov.
The Small Business Optimism Index, which surveyed over 400 online retailers, found that one in 10(13%) small e-commerce companies expect to employ more staff over the next 12 months while 40% plan to expand their product offering in 2016.
Only 22% of the small businesses surveyed were pessimistic about the UK economy and their own trading forecasts.
These encouraging statistics point to the continued growth of the UK’s e-commerce sector, which last year generated £573bn in sales, up from £561bn in 2013.
Kit Glover, director of professional selling for eBay UK, said:
“The business community should be very encouraged by the findings of our Small Business Optimism Index. Despite a tough retail environment, the fact that digital small businesses are looking to expand their product offerings, export to more foreign markets and thus employ more people here in the UK can only be a good thing.”
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