UK e-commerce businesses report revenue spikes in excess of 15% since the coronavirus lockdown
Best performing businesses saw week-on-week revenues grew more than 50% from early April Paid search marketing spend up by 50% since May After an initial downturn, paid social marketing budgets now 15% higher than this time last year Businesses increasing social marketing budgets during lockdown saw revenues more than double
UK e-commerce companies have seen significant growth, both in revenues and repeat orders since lockdown. Firms report average annual revenue increases of more than 15% since April in line with the shift to online retail. The study led by global M&A advisory firm Clearwater International and consumer data specialists Conjura analysed the financial performance of 21 mid-market UK e-commerce businesses ( […]