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The Office for National Statistics (ONS) has reported UK retail sales growth of 6.9%, the highest level since May 2004. Growth has risen by 1.3% from March due to a late Easter.
“UK retailers succeeding domestically should look to expand their businesses to include international markets, or, if they are already trading internationally, to refine and grow their exports,” says Carl Hasty, Director of international money transfer specialist Smart Currency Business.
“Whether they are engaging in E-commerce or have shops abroad, exports can be a successful avenue of business growth, and can bring in revenue that can be used to reinvest into UK businesses.
“There exists an ample amount of support for UK exporters which retailers can tap into. Providers of support include Government bodies United Kingdom Trade & Investment (UKTI) and United Kingdom Export Finance (UKEF); and the private finance support sector.”
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