Despite Business Rates Challenges, Investments in E-commerce Continue
- Mid-market retailers plan to continue investing in online offerings
- 83% aim to increase online volume
- 78% focus on expanding product range
- Business rates identified as a significant barrier
A recent study by RSM reveals that mid-market retailers are committed to expanding their online presence, with 83% planning to increase the volume of their offerings and 78% looking to broaden product ranges. However, over a third (34%) cite business rates as a major obstacle to remaining competitive.
Factuality Level: 9
Factuality Justification: The article provides relevant information about the shift in focus to online retailing in the mid-market sector based on recent research. It is concise and does not contain any digressions or irrelevant details. The statistics are sourced from RSM, which adds credibility to the information. There is no exaggeration or sensationalism present. The article is not repetitive and does not include personal opinions presented as facts. The argument is based on research data and seems logically sound.
Noise Level: 6
Noise Justification: The article provides some relevant information about the shift in focus to online retail in the mid-market sector, but it lacks depth and analysis. It could benefit from more context, evidence, and exploration of potential consequences or implications for businesses and consumers.
Financial Relevance: Yes
Financial Markets Impacted: Retail sector
Financial Rating Justification: The article discusses a shift in focus towards online offerings in the mid-market retail sector, which can impact financial markets and companies involved in this industry as it affects their strategies and operations.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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