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With Great Britain's retail sales surpassing 400,000 million GBP in 2021, as reported by Statista, the country has been experiencing an increasing sales growth predicted to reach 542 billion GBP by 2026. Find more statistics at Statista Out of the total number of those retail sales, however, it appears that the online sector has reported better results than expected, contributing 129 billion GBP to the British economy, accounting for, as based on our own calculations, approximately 28% of all retail purchases. Find more statistics at Statista As the online consumer audience, as well as the offline one, become bigger and bigger, it's safe to say that the UK retail market offers outstanding growth opportunities in 2022. If you're planning to penetrate or are already operating in the retail market in the United Kingdom and are always on the lookout for new opportunities, this article will introduce you to the best UK wholesale suppliers in the B2B market that sell well-made wholesale products. No matter if you're serving a specific niche or stock numerous categories, you'll surely find your best match within the below list of suppliers.

Just the way before opening a brick-and-mortar store, when you are planning to launch a webshop you need to know who you will be competing against in order to succeed in the ever-growing online marketplace. Statistics show that there were over two billion people who made a purchase online and eCommerce stores made over 4.2 trillion USD in 2020. This reveals that there is a huge purchasing power globally and a vast customer base that you can compete for. The best way to get to know your competition on the market is to conduct an eCommerce competitor analysis. As the eCommerce market is moving quickly and hundreds of online stores are popping up daily, this should not be a one-off practice. Doing an eCommerce competitor analysis on a regular basis is key for benchmarking yourself against your opponents and improving your business further. In this article, we will give you a hand on where to start and how to best analyze your competition in the eCommerce sphere.

In the world of retail, having the right, and the right amount of inventory is a key aspect of your business. You would want to make sure that you always have enough stock when a product picks up so you are not losing the opportunity to sell and make a profit. But at the same time, you also want to make sure that you do not end up with overstock inventory that can hurt your profit margin. For this reason, you have to be careful when determining your Open To Buy (OTB) budget for each product based on historical data or the initial investment you are willing to make. Once you have your Open To Buy budget set, you can start the sourcing process. If you do not yet have a supplier you are working with, Minimum Order Quantity (MOQ) can be a good filter when choosing one. If you do have a long-standing relationship with your wholesale supplier, you are likely familiar with their MOQ, and depending on the relationship you have, you can negotiate some room for flexibility. In this article, we are giving you an overview of what MOQ means, what factors you need to consider when calculating it and how the calculation itself works. Also, we will provide you with some tips on how to make the most out of MOQs set by your suppliers.