The UK is one of Europe’s top retail markets, with the highest percentage of foreign retailers and the continent’s biggest e-commerce market. The UK has a distinguished retail heritage and is home to everything from well-known global companies to independent small businesses.
Retail is the UK’s largest employer in the private sector, employing approximately 3 million people. Prestigious shopping districts like Oxford Street and Mayfair, as well as luxury brands like Tiffany & Co. and Burberry, can be found in London. 31% of this market is accounted for by the UK.
The UK is a leader in retail and e-commerce technology. The greatest amount in Europe in terms of internet sales in 2021 was around £92 billion.