The second annual Growth 2000 report is now available to download.
The 2019 RetailX UK Growth 2000 report, produced in association with Ingenico Group and Visualsoft, extends research carried out to identify the UK’s leading 500 retailers in the upcoming RetailX 2020 UK Top500 – formerly the InternetRetailing UK Top500, now in its sixth year. The Growth 2000 report identifies the 2,000 challenger retailers and brands that are coming up behind the Top500 - some hard on their heels.
Ian Jindal, editor-in-chief of InternetRetailing and RetailX, said: “The UK retail sector is characterised by the diversity of businesses. Some of these retailers, such as Balenciaga, Chanel and Timberland, represent the UK presence of leading international fashion and footwear brands. Elsewhere in the Growth 2000 (G2K) there are specialist companies that bring a depth and expertise to what they do that often cannot be matched by larger retailers. The list also finds room for vibrant start-ups making the most of the digital revolution as well as those retailers that are growing out from regional bases.
“Some of these retailers will, in time, rank within the RXUK Top500. Those that, for example, sell to hobbyists may find their growth limited by the size of their markets. What unites both kinds of business is that, looking across the G2K, we find they offer examples of innovative practice that other retailers would do well to mimic.”
Retailers are initially included in the G2K through an assessment of their footprint, which analyses their online and offline turnover, and adds into the equation their store numbers and web traffic. Their performance is also analysed through four key performance areas that researchers key to growing online business: search and checkout, mobile, delivery and social.
“As with last year the list is revealing,” said Jindal, “showing which retailers are not just coping but also thriving at a time when economic uncertainty is making it tough for many companies. As the Brexit saga rumbles on and ecommerce continues to reshape retail, further difficulties lie ahead, which is why we intend to expand our coverage of challenger retailers.”