Friday, July 1, 2022

Independent retailers continue to provide new jobs and fuel economic growth, says report

The Shopify Economic Impact Report conducted by Deloitte has revealed how British independent retailers are continuing to fuel job creation and local economic growth, with exports helping UK merchants thrive despite macroeconomic headwinds.

Record numbers of UK independent retailers broke international borders in 2021, with exports from UK Shopify merchants reached £2.7 billion in 2021, up 43% increase from the £1.9 billion made through exports in 2020, as retailers turned their attentions to international growth.

Dave Linton, founder of Madlug, which donates a bag to a child in care for every bag sold to a customer, is continuing to expand overseas and credits the ability for small independent brands to forge a close connection to their customers. He said: “Once customers are connected to a brand’s mission and purpose, they are willing to continue spending with that brand, even in the face of inflation, rising living costs and international shipping charges. In the past year, we’ve seen strong sales to Europe, Canada and America and some sales also to Australia and Dubai. We have also been able to hire two more young people who have been through the care system themselves and add great value to our business as a result.”

Shimona Mehta, EMEA Managing Director at Shopify, said: Innovative British businesses are creating jobs at a rapid clip despite the odds and continue to flex their entrepreneurial muscle: something that will be increasingly important as we navigate the cost of living crisis ahead. Not only does it underline the UK’s potential as a powerhouse for entrepreneurship, but the role that commerce is playing in driving economic growth and job creation.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £27.55 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Advertisment








Latest posts

Popular Scunthorpe cycling route opens after £500,000 levelling-up cash injection

A popular cycling route has been further extended, meaning even more people across Scunthorpe can safely access jobs, education and leisure. The Scunthorpe Ridgeway –...

Lincolnshire leads £1m electric vehicle charging point bid

Lincolnshire County Council has led a bid for almost £1million in funding, as part of Government’s Local Electric Vehicle Infrastructure Pilot, which could deliver...

Rotary Swimarathon organiser named for Queen’s Baton Relay

Rotary Swimarathon organiser Roger Graves has been named as the fourth local batonbearer in Grantham's stage of the Birmingham 2022 Queen's Baton Relay on...

Arts and heritage organisation acquires iconic Grade II listed buildings in Grimsby

Arts and heritage organisation and charity Our Big Picture has acquired iconic Grade II listed buildings dating from 1781 at 17 to 21 Bethlehem...

Lincolnshire: Levelling Up through the Visitor Economy – Destination Lincolnshire gets ready for first event

Booking is now open for Destination Lincolnshire’s ‘Levelling Up through the Visitor Economy’, an event talking about Lincolnshire’s £131m regeneration journey through a series...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close