Reporting Accounts - news and updates
Move to online sales may be permanent
In today's episode Adrian Lawrence talks about how companies with warehouses they expanded to cope with the surge of online sales during the UK's three lockdowns are now planning to retain them. This is a long term trend which appears to have been accelerated by the pandemic by between three and five years. If this proves to be the case then it means the traditional retail market will have a tough time when the UK returns from lockdown.
It is likely that niche retailers and those with strong digital offerings will succeed whilst those with neither attribute will struggle.
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