{"id":5161,"date":"2019-10-18T14:21:34","date_gmt":"2019-10-18T13:21:34","guid":{"rendered":"https:\/\/streammarket.co.uk\/?p=5161"},"modified":"2022-05-25T07:20:28","modified_gmt":"2022-05-25T07:20:28","slug":"anticipating-post-brexit-ecommerce","status":"publish","type":"post","link":"https:\/\/streammarket.co.uk\/blog\/anticipating-post-brexit-ecommerce\/","title":{"rendered":"Anticipating Post Brexit eCommerce"},"content":{"rendered":"\r\n<figure class=\"wp-block-gallery columns-1 is-cropped\">\r\n<ul class=\"blocks-gallery-grid\">\r\n<li class=\"blocks-gallery-item\">\r\n<figure><img loading=\"lazy\" class=\"alignnone wp-image-5164\" src=\"https:\/\/streammarket.co.uk\/wp-content\/uploads\/2019\/10\/brexit-holiday-shopping-lg-1.jpg\" alt=\"Anticipating Post Brexit eCommerce\" width=\"794\" height=\"265\" data-id=\"5164\" data-link=\"https:\/\/streammarket.co.uk\/2019\/10\/18\/anticipating-post-brexit-ecommerce\/brexit-holiday-shopping-lg-1\/\" \/><\/figure>\r\n<\/li>\r\n<\/ul>\r\n<\/figure>\r\n\r\n\r\n\r\n<p>As Boris\u2019 Brexit deal gains an overwhelming amount of support from the residents of the UK, are we finally about to face what a post-Brexit Britain will be like?\u00a0<\/p>\r\n\r\n\r\n\r\n<p>\u00a0We\u2019ve been told the stories, read the headlines, but what does Brexit mean for online retailers in the UK? Well, to give you a brief rundown; 91% of adults occupying our humble British Isles use the internet, contributing to the third largest eCommerce market in the world, with China and the USA holding first and second place. This makes our shares in the eCommerce sphere quite prevalent and a no-deal Brexit that more daunting.<\/p>\r\n\r\n\r\n\r\n<h4>\u00a0<strong>The effect on eCommerce at present<\/strong><\/h4>\r\n\r\n\r\n\r\n<p>We\u2019ve been told the stories, read the headlines, but what does Brexit mean for online retailers in the UK? Well, to give you a brief rundown; 91% of adults occupying our humble British Isles use the internet, contributing to the third largest eCommerce market in the world, with China and the USA holding first and second place. This makes our shares in the eCommerce sphere quite prevalent and a no-deal Brexit that more daunting. As our <a href=\"https:\/\/streammarket.co.uk\/\">Magento eCommerce agency in UK<\/a> has witnessed, let us take a look at the effect on eCommerce.<\/p>\r\n\r\n\r\n\r\n<h4>\u00a0<strong>What will the future hold for online retailers?<\/strong><\/h4>\r\n\r\n\r\n\r\n<p>\u00a0But it\u2019s not all doom and gloom.<strong>\u00a0<\/strong>Andy Mulcahy, Strategy and Insight Director,\u00a0<a href=\"https:\/\/www.imrg.org\/\" rel=\"nofollow\"><strong>IMRG<\/strong><\/a>, says retail is likely to be more protected from the effects of Brexit than other sectors.<\/p>\r\n\r\n\r\n\r\n<p>Mulcahy:\u00a0<em>\u2018The macroeconomic climate \u2013 which must be linked to some extent to the looming Brexit deadline \u2013 does seem to have exerted some influence over online retail sales growth in recent months. That said, retail should be more protected against possible impacts than other sectors; while the housing and car markets are having a tough time, it does mean people are making less of the really high-expenditure purchases which, in theory, leaves more for the lower-cost, more regular purchases made on retail sites.<\/em><\/p>\r\n\r\n\r\n\r\n<p><em>\u2018A caveat to that would be if things get very volatile over the next few months, with currency fluctuations hiking up prices of certain products. But one factor that can never be overlooked in retail is the impact of the British weather. February has been exceptionally warm, which may be stimulating sales activity for fashion retailers selling new season products. If we get favourable weather in March \/ April, that may be a significant driver of sales growth \u2013 if it\u2019s cold and our exit from the EU doesn\u2019t go well, it could be a very tough time.\u2019<\/em><\/p>\r\n\r\n\r\n\r\n<h4>\u00a0<strong>How should we prepare for post-Brexit eCommerce?<\/strong><\/h4>\r\n\r\n\r\n\r\n<p>To put it bluntly, there are only two outcomes: deal or no deal. Unfortunately, preparing for both eventualities would require a large number of resources dedicated to finding the best solution for your business including <a href=\"https:\/\/streammarket.co.uk\/magento-2-development\/\">Magento certified developers<\/a>. This is an unrealistic option for the vast majority of retailers, particularly SME\u2019s. Hence, it\u2019s recommended that online retailers focus on what they can control. But don\u2019t fear. <a href=\"https:\/\/euexitbusiness.campaign.gov.uk\/\" rel=\"nofollow\">GOV.UK<\/a> has provided a plethora of advice to help all variants of business prepare for Brexit, whatever the outcome \u2014 providing advice on everything from exporting, importing, employing EU citizens, protecting intellectual properties and more. Whatever Brexit is on the near horizon for Britain, it won\u2019t be long until we know for sure. Probably.<\/p>\r\n\r\n\r\n\r\n<p><em>If you have any questions about anything discussed in this blog or if you\u2019d like to chat about a project, feel free to\u00a0<\/em><a href=\"mailto:roxanne@streammarket.co.uk\" target=\"_blank\" rel=\"noreferrer noopener\"><em>get in touch<\/em><\/a><em>. We\u2019re always happy to help businesses reach and surpass their eCommerce potential.<\/em><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>As Boris\u2019 Brexit deal gains an overwhelming amount of support from the residents of the UK, are we finally about to face what a post-Brexit Britain will be like?\u00a0 \u00a0We\u2019ve been told the stories, read the headlines, but what does Brexit mean for online retailers in the UK? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5309,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ANTICIPATING POST BREXIT ECOMMERCE<\/title>\n<meta name=\"description\" content=\"After the big headlines about Brexit, we have been anticipating what post-Brexit Britain will be like. Read its effect on eCommerce at our website. Visit now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/streammarket.co.uk\/blog\/anticipating-post-brexit-ecommerce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ANTICIPATING POST BREXIT ECOMMERCE\" \/>\n<meta property=\"og:description\" content=\"After the big headlines about Brexit, we have been anticipating what post-Brexit Britain will be like. Read its effect on eCommerce at our website. 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