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Voice of the Industry How are cross-border sales faring for UK retailers? Thursday 18 February 2021 07:52 CET | Editor: Anda Kania | Voice of the industry Andy Mulcahy from Neil Kuschel from Global-e reveal the pandemic’s impact over cross-border markets, with an in-depth look into the UK retail space To say that 2020 has bought disruption to the retail industry would be something of an understatement. As it has become increasingly clear that the coronavirus pandemic is not going to be controlled as quickly as governments, businesses, and indeed people perhaps initially expected, all of us are having to make adjustments to our behaviour that have all of us guessing which changes might turn out to be temporary, and which are here to stay. ....
Published on There was an overall 57% year-on-year (YoY) increase in outbound ecommerce sales from the UK in 2020, with the peak holiday trading period in November experiencing a 42% YoY like-for-like surge in international cross-border online sales compared to the same time last year, reveals new data from the Cross-Border Index from IMRG, the UK’s industry association for online retail and leading cross-border ecommerce solutions provider Global-e. These new insights, based on data from a sample of over 270 UK retailers and brands trading internationally on the Global-e platform, tracks online sales growth from UK discretionary retail sites to over 200 cross-border destinations. The data shows a consistent increase in cross-border ecommerce trading from April 2020 onwards. It grew substantially in the run up to the festive trading period, with a significant spike in cross-border sales starting much earlier in September and remaining strong across the final quar ....
The online shopping boom, fuelled by the ongoing COVID-19 pandemic, is set to continue long into next year and offers beauty business a strong means to grow irrespective of Brexit (Getty Images) UK and EU beauty brands and retailers will certainly face new challenges in a post-Brexit world, but there remain plenty of opportunities to flourish with the right strategy and focus, particularly online, says an executive at e-commerce specialist Global-e. From January 1, 2021, business and trade between the UK and Europe will look very different. And the beauty industry, like all other industries, will have to adhere to a raft of new regulations and trade formalities as the Brexit transition period comes to an end in the coming days, including those operating online. ....