The retail industry in the United Kingdom has been struggling for improvement over the past few years, ever since the economic recession hit the country hard. Now, conditions are becoming more positive, as the government is looking into ways to enhance the sector through increased consumers spending and expansion opportunities.

Retail Week reports that Parliament has developed the U.K. Retail Sector Inquiry, which will analyze the industry and research aspects related to brick-and-mortar stores when compared to online merchants. Other areas under the review include the impact of high business rates on companies, training and skill development offered by these companies and where opportunities for expansion lie, among various factors. The analysis is currently ongoing and is expected to be finished sometime this summer, with the results being published by Parliament in June, the news source notes.

Foreign expansion has been on the books for a while now, according to the International Business Times. The U.K. Trade and & Investment Association has developed the U.K. Retail Industry International Action Plan, which will result in the government extending assistance and loans to retailers throughout the nation to reach their goals of expanding into foreign markets. Some of the top regions of concentration are Brazil, Russia, Mexico and China.

This entry was posted by admin on Monday, April 8th, 2013 at 4:19 pm .