Adapting to Thrive Globally

  • SME retailers are expanding internationally despite macroeconomic pressure in the UK
  • Average overseas transfers doubled from Q1 2017 to Q1 2018
  • UK SME retailers made £54,274 in international payments in Q1 2018
  • International trades fell by nearly 40% year-on-year but values increased
  • Half of SME retailers want external support for exporting
  • One in five want government help to trade overseas
  • 39% not worried about Brexit impact on international business
  • 48% concerned about currency volatility
  • SME retailers adapting with technology to succeed internationally

Small and medium-sized retailers in the UK are responding to economic challenges by expanding internationally, according to WorldFirst’s Global Trade Barometer survey. Despite a decline in the average number of international trades executed, the value of these transactions has doubled. SME retailers are leveraging technology to succeed on the global stage and seek government support for exporting. However, 48% remain concerned about currency volatility.

Factuality Level: 9
Factuality Justification: The article provides accurate information from a reputable source (WorldFirst’s Global Trade Barometer survey), presents relevant data and statistics, and includes expert opinion without any significant bias or misleading statements.
Noise Level: 3
Noise Justification: The article provides relevant information about SME retailers expanding internationally and their responses to macroeconomic pressure in the UK. It includes data from a survey and quotes an expert’s opinion on the situation. However, it could benefit from more analysis of long-term trends or possibilities and exploring consequences for those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: UK retail sector and currency exchange market
Financial Rating Justification: The article discusses the financial situation of UK SME retailers, their international trade activities, and its impact on the currency exchange market. It also mentions concerns about currency volatility and the need for government support.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailsector.co.uk