Business development Fred Heritage · 11 August 2016
London’s independent retailers are most likely to embrace digital
Independent retail owners in London are far more likely to embrace digital technology to beat the competition than those outside the UK capital. New data gathered by Worldpay has revealed that 95 per cent of London and the South East’s independent business owners actively invest in technology to grow their brand online, compared with a UK average of 88 per cent. The likelihood of embracing ecommerce platforms and digital marketing tools is also significantly higher among London-based small independent retailers, with 58 per cent revealing plans to do so, as opposed to 44 per cent nationwide. The number of independent businesses in the capital offering shoppers the chance to pay for goods online as well as in-store is more than double the UK average of 19 per cent, with some 44 per cent now enabling online payment. Worldpay UK’s managing director Dave Hobday welcomed the progress of smaller retailers in London against a backdrop of turbulent market conditions. it’s encouraging to see the capital’s businesses leading the nation in technology investment. londoners are fiercely protective of the city’s rich mix of culture, people and shops, with more residents actively seeking out independent stores than anywhere else in the UK. Despite many business owners embracing technology, the research also revealed concerns about the broader impact of a so-called digital revolution? on smaller retailers at the local level.
ABOUT THE EXPERTFred Heritage
Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.