The crisis has pulled down rents however eye-watering enterprise charges remain a giant problem that the government appears reluctant to take care of. There are glimmers of hope, though, with the identical information pointing to a declining emptiness rate in some areas, as independents transfer in to fill the areas left by defunct chain stores. The data firm Retail Economics estimates that half of the £51bn spent on clothing this yr may have been bought on websites. Come 2025 it thinks that determine might be two-thirds of the total.
It’s pandemic-proof.While brick-and-mortar companies have been compelled to close their doors amid the pandemic, online companies had been capable of stay open. As a end result, customers have shifted their shopping habits, making it a necessity for every retailer to run a web-based retailer. “I strongly consider that with COVID-19, the pros of running an e-commerce enterprise outweigh the cons,” Richmond …