UK Retailers Selling More To Europe
Retailers in the UK have seen a surge of orders from other European nations this year, with many online retailers reporting a rise in the number of parcels being sent overseas.
Whether they’re shopping for items with chrome plating in the UK or clothing, it seems that the fall in the value of the pound since the Brexit vote has spurred some consumers into splashing their cash.
The Financial Times revealed that both DPD and UPS have recorded double-digit percentage increases in the number of packages they’ve delivered overseas from Britain, compared to similar periods a year ago.
In addition, Amazon told the news provider that exports from UK organisations on its marketplace website were expected to grow by nearly 30 per cent this year, hitting a value of £1.8 billion.
People living in France, Germany and Ireland are among those taking advantage of the weaker pound, with the FT revealing that products are effectively 10% cheaper in currency terms since the Brexit vote in June.
Online retailers have been doing particularly well this festive season, with GoCompare.com Credit Cards predicting last month that total spending between Black Friday and Cyber Monday would hit £4.9 billion in the UK.
According to the organisation’s research, 34 per cent of shoppers planned to look at what was available in the sales, with seven per cent of those questioned stating they expected to spend over £500 during the weekend.
If you bagged a bargain piece of jewellery, or another trinket, on Black Friday and think it would look better with a bit of bling, consider using chrome plating services to give it a new lease of life.