The online retail industry can be considered as one of the highest selling industry nowadays. However, what can people involved in this industry expect from 2015?
From the sales’ point of view, it was stated that retailers are expecting their sales to grow by up to 4.7%. Other retailers expect this as the recovery within the economy continues. As stated, there is a possibility that the retail sector outperforms the wider part of the economy of United Kingdom. However, it was also stated that the issue on price was expected to continue. In fact, over a third of the retail industry is expected to reduce their prices as the year of 2015 enters.
It was also forecasted that 2015 would be a year of growth for about 59% of the major high street names in the industry. Hence, it is stated that two-thirds have the plan to make more investments in their businesses. As the end of 2015 approaches, about two-thirds of the retailers will start to offer click-and-collect services. These were all the findings obtained from a survey made involving the senior managers at about 100 top UK online retailers. These are the senior managers who were asked about their investment intentions and expectations as 2015 goes. Most of the retailers also believed that having physical stores is essential for profitability.
The recovery in economy is expected to happen with the help growth in the retail sector. This comes with the retailer’s determination to invest on. In fact, this expected growth will occur not just because of the investment made in several areas.
These areas include technology, staffing the online teams, changing the utilization of physical stores as well as improving the logistics capability. Of course, the participation of courier companies, like Courierpoint will be very significant here. This can only mean that retailers will be more cautious in choosing the company to serve as their partner. This ensures that quality service will be observed even with the simplest need for a parcel delivery to France.
Even in periods of uncertainty, the UK retail will remain the leader in the global market as long as heavy investment is done continuously in the aforementioned aspects. Aside from these, it was also forecasted that retailers will find it easier to get loans from most banks in comparison to the state in the past. Through this, the more retailers will have the money to pursue with their expansion plans.
One of the forecasts included is the increase in the footwear and clothing market. Menswear will also be the one driving the clothing market as more retailers invest in this sector. This is related to the huge demand of the people in the market. As a conclusion to these, it can be guaranteed that more purchases will also take place as these improvements are implemented. And, purchases will even increase if retailers keep up with their investment when it comes to updating their collections. Thus, you now learned the forecast about online retailers for 2015!