THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Export and investment action plan for UK retailers announced today

The government is backing Britain’s retailers in their bid to expand into fast-growing and lucrative overseas markets.

GENERAL MERCHANDISE

Export and investment action plan for UK retailers announced today

The government is backing Britain’s retailers in their bid to expand into fast-growing and lucrative overseas markets.

Business Secretary Vince Cable today launched the UK Retail Industry International Action Plan which was developed by UK Trade & Investment (UKTI) in association with the retail industry.

The global retail sector has held up well in recent years recording a compound annual growth rate of 7%. Sales are expected to grow by 8% annually through to 2016.

The Business Secretary said, “The retail industry is a significant contributor to the UK economy employing more than three million people and generating £300 billion for our economy. British brands have a deservedly world class reputation for sustainability, quality and innovation.
“The UK’s dominance in e-commerce puts retailers in a world-beating position to capitalise on the fast growing demand for British goods and luxury brands.

As we rebalance the economy with more export-led growth, retail has an important role to play. With this action plan UKTI will back small and large retailers across the UK to grow and expand into new export markets”.

British Retail Consortium Director General Helen Dickinson commented, “British retail is world class and given the opportunity can be more successful in markets across the globe. This International Action Plan should make a real difference. It will ensure that retailers who need help and advice get it, and that the British government’s efforts to tackle barriers to trade overseas are properly co-ordinated”.

The two-year Action Plan sets out three major campaigns led by UKTI to assist retailers to grow internationally:
• support for retailers to use all the available ways to reach international customers. Britain’s 228,000 online retailers already export more than the rest of Europe’s e-retailers put together
• targeting the rapidly growing number of middle class consumers in priority markets where British luxury brands are highly prized including Mumbai, Beijing, Istanbul, St Petersburg, Shanghai, Mexico City, Sao Paulo and Warsaw
• working with retailers to develop the UK experience economy offer to offshore customers. UK firms are well placed to win new international business leveraging Britain’s unrivalled expertise at marrying retail opportunities with leisure and cultural institutions when developing new shopping destinations.

Building on London’s status as the world’s shopping capital UKTI will use its global network to attract more of the world’s leading retail brands to invest and locate here.
Plans for Ministers to promote the retail sector internationally, work to resolve market access issues and support for retailers to re-engineer their supply chains are also outlined.

Register now for the Retail Bulletin's 2nd International Expansion Summit 26th March 2013. Confirmed speakers include Bench, Debenhams, Costa Coffee, Mothercare, The Hamleys Group, Alliance Boots, Austin Reed, Hobbs, Coffee Planet, Icon Live, Codex Global, The Javelin Group, Field Fisher Waterhouse LLP and Ogone UK. The event is designed for UK retailers who are planning for or are developing an international growth strategy. Register now to secure your place.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues