Brightpearl, a supplier of cloud-based software for small retailers, reports its customers’ growth figures are bucking industry trends. According to the company, its software has helped its customers record like-for-like sales growth of 35% between February 2011 and February 2012.
This compares with retail industry figures indicating year-on-year growth of just 2.1% on the high street and 16% online (IMRG/Capgemini).
These healthy figures come in what continues to be a bleak period for retailers, with 14.6% of stores lying empty, according to the Local Data Company.
Economists are also predicting consumers will feel the pinch even more following the recent budget announcements.
Salman Malik, CEO of Brightpearl, said: “We are delighted to see the growth of our customers’ sales outstrip key retail index figures over the past year. These are small businesses, growing at a phenomenal rate in one of the toughest business climates in living memory. We’re honoured to be the platform they chose to underpin their fast-growing businesses.
“We are totally focused on delivering a business platform that helps them sell through more channels – online and offline – while keeping their critical business information completely coordinated.”