By Michael Rolph, CEO of Yoyo Wallet
A report published by analysts Retail Economics for the law firm Womble Bond Dickinson states that 53% of UK retail sales will be online within 10 years, doubling its share of the market, and casting further doubt on what looks like a bleak future for the high street.
With the world of e-commerce dominated by the likes of Amazon, the competition seems relentless – and more than ever before, retailers are feeling the pressure to deliver a customer experience that can generate crucial repeat business. If they fail, they won’t survive in such a competitive and fluctuating market, and the high street will continue to struggle and the odds will remain stacked against bricks and mortar....