How An eCommerce Startup Is Bringing UK’s High Street Home
A different kind of eCommerce startup is getting attention on both sides of the pond as Streetify looks to revolutionize high-end shopping. CEO Martin Banbury says the company will useinfluencer marketing and a fundraising round to bring an international concept home.
The damage to the U.S. retail economy will start to show itself as March results are tallied. Across the pond, the estimations of U.K. spending contractions are dramatic.
Despite the massive spending unleashed by last week’s various stimulus bills, many retailers are facing a lease payment that quite possibly comes at a time where there is no revenue to back it up. Experts say there’s still time for negotiation.
Retailers Use Delivery And Deep Discounting To Stay Afloat
More retailers are starting to deliver to customers’ homes or ramping up their ability to do so, while the gap between essential and non-essential retail keeps growing. Take a look at how Adore Me has made its in-home lingerie delivery service a higher priority – and how deep discounters continue to add stores and employees during the coronavirus crisis.
