UK’s Top Online Retailers Sought in Post-Pandemic Era
- Brightpearl launches search for UK’s fastest growing e-commerce businesses
- Global e-commerce jumps to $26.7trn due to pandemic shopping habits
- UK e-tailers saw year-on-year sales increases of upwards of 700%
- South West region has highest proportion of fastest growing brands
- Entries open for the ‘Lightning 50’ list, closing on August 12th 2022
Brightpearl, a leading Retail Operating System, has launched its search for the ‘Lightning 50’, a definitive list of the UK’s fastest growing e-commerce companies over the past year. The South West region had the highest proportion of brands represented in the list, with 18%. Entries are open for businesses with annual turnovers from £1M-£250M and close on August 12th 2022. Last year’s winner, Au Vodka, saw a net growth of over 10,000%. The combined revenue across the Lightning 50 in 2021 was £340m with an average growth rate of 518%.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the growth of e-commerce during the pandemic, the success of certain UK e-commerce businesses, and the launch of the ‘Lightning 50’ list to recognize these companies. It includes relevant data from Brightpearl and quotes from relevant sources. However, it could be improved by providing more context on the methodology used for the data collection and analysis.
Noise Level: 4
Noise Justification: The article provides relevant information about the growth of e-commerce during the pandemic and highlights the success stories of some UK businesses. However, it contains some promotional content for Brightpearl’s ‘Lightning 50’ list and includes quotes from previous winners that may not be entirely necessary.
Financial Relevance: Yes
Financial Markets Impacted: UK e-commerce businesses
Financial Rating Justification: The article discusses the growth of UK e-commerce businesses during the pandemic, with a focus on online retailers’ increased sales and the launch of the ‘Lightning 50’ list to recognize the fastest growing e-commerce companies. This impacts financial markets as it highlights the success and potential investment opportunities in these businesses.
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 article. The topic discusses the growth of e-commerce businesses during the pandemic, but it does not describe any major crisis or disaster.
www.retailsector.co.uk