1. News
May 14, 2019

eBay opens its first UK concept store in Wolverhampton

Multinational e-commerce company eBay has opened its first UK concept store in Wolverhampton city in the West Midlands of England.

Multinational e-commerce company eBay has opened its first UK concept store in the city of Wolverhampton.

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What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
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  • What impact is inflation having on UK retail sales?
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  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

The month-long pop-up store brings together 40 local small businesses into one physical shop. The businesses are participating in eBay’s Retail Revival programme.

The year-long Retail Revival programme aims to help a total of 64 local businesses to work with the marketplace, increase digital sales and gain a proper understanding of the interaction between offline, and online retail.

The pop-up store will also serve as a retail experiment, wherein QR codes used for purchases and several sales and traffic metrics will be tracked, and analysed.

“The small retailers taking part in Wolverhampton’s Retail Revival have already shown that physical and online retail can survive and thrive, together.”

eBay, along with the companies, will get an opportunity to see how physical stores help boost separate online sales.

The participating businesses can display their range of products at the pop-up store and shoppers will have the option to shop online. eBay will also host training seminars.

Based on the theme ‘Home Grown by Wolverhampton’, the store will also see a new set of selected businesses each week, including Tony’s Deli, HomeSmart Blinds and White B Gifts.

eBay UK vice president Rob Hattrell said: “The small retailers taking part in Wolverhampton’s Retail Revival have already shown that physical and online retail can survive and thrive, together.

“They have achieved more than £2m in sales as of March and many have employed more staff as a direct result of the partnership. This pop-up store aims to take that growth, and the value of this programme, to the next level. It will explore how stores of the future could combine technology with that vital human connection to powerful effect – whatever the size of the business.”

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.