UK’s Fastest Growing Retailers

Tuesday, January 30th, 2018

Rapid tech advancement is transforming the business landscape. Buyers have now adopted newer shopping habits which makes achieving growth a big challenge for newbie entrepreneurs. While some retailers can be said to have hacked growth, most business owners are still making an effort to.

Here, in no particular order, is a list of UK’s top fast-growers

Farfetch

Farfetch is a joint platform for several online fashion sites. It hosts 400 self-governing boutiques and markets over 1,000 brands. The company even collects from the stores and makes deliveries.

Farfetch knows retailers are counting on them for exposure while buyers are looking for a variety of clothing to pick from and affordable shipping charges. And that’s precisely what they’re offering.

Childrensalon

Founded back in 1952, the children outfit specialist has stayed in business to date. Surprisingly, Childrensalon maintains a stronger e-commerce presence than it does in-store even describing itself as “the globe’s largest online store for designer childrenswear”.  By 2016, it had recorded sales of £41.4m.

Childrensalon trades in 270 brands, from future ones to famous names like Gucci and Burberry.

Boux Avenue

Some would say Theo Paphitis knew venturing into the Lingerie business would make him such a fortune. Why? Perhaps itbecause he had tried the business with La Senza back in the 90s before she sold it in 2006. He then came back in 2011, this time under the brand Boux Avenue back. And now; his company lists among UK’s fastest-rising retailers.

Though relatively newer to the industry, Boux Avenue has upgraded its store both online and in-store and is already storming the world market. The company started by building a nationwide reputation by putting up almost 30 shops before launching 14 other worldwide franchise stores.

Boux Avenue discovered its unique selling point by bridging the gap for mid-market merchants. Paphitis saw the need to improve the shopping experience for customers.

By March 2015 Boux Avenue had hit £35m on sales (in the UK alone).

Loaf

Loaf, unlike the name suggests, is a fast-growing e-commerce furniture retailer. Charlie Marshall initiated it in 2008 with a mission to ease and speed up the buying & delivery process for customers.

At first, Loaf sold a few range of beds before the retailer expanded to all house furniture and accessories. Making furniture purchases quick and simple is at the core of Loaf’s strategy. They also understand that good content means excellent e-commerce.

Currently, Loaf is focusing on developing huge showrooms where customers can freely walk around and compare the products at first hand.

For Loaf, Retail sales were at £26.9m by 2016, and the furniture vendor will surprise many when it hits £100m mark in a few years to come.

Conclusion

Hacking growth is not as tricky as most business owners think. Even if you’re running a high-liability business, there’s the option of a high-risk merchant account UK to help you expand your company.