Retailers

UK’s indies outperform global retailers with 20% growth

However, the average monthly revenue was lower than the global average

Sales volumes for Britain’s independent retailers in the past 12 months were 20% higher than the global average, according to data from retail management software provider Vend.

This insight comes from Vend’s first Retail Benchmarks Report, which compared data from over 13,000 retailers and found average monthly sales volumes per store in the UK were 32% higher than North America, and 15% higher than in Australia.

However, Vend’s data also found that UK retailers’ average monthly revenue was 15% lower than the global average and their average transaction values were 28% lower.

Higor Torchia, Vend’s UK country manager for the UK, said: “We know that Britain’s brick-and-mortar stores are competing with online players and large-scale retailers, plus navigating constant changes to shopper expectations. So it’s really positive to see such strong sales volumes compared to other key markets.

“While UK shoppers may not be spending quite as much as consumers elsewhere, they are clearly still choosing to shop with independent stores, which is a testament to the unique products and experiences local retailers are providing.”

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Alessandro Carrara

Alessandro is a trained journalist just getting started in the writing arena. He’s madly obsessed with Japanese culture, a passionate reader and adores niche video games. When he isn't getting sore thumbs from playing classic Nintendo games, he’s working as an editorial assistant for Mulberry Publications. Feel free to drop him a line with any story ideas.

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