eBay announces first UK High Street Concept Store
eBay opens its first UK concept store today. The pop-up will be located in the heart of Wolverhampton and offer 40 small businesses from the local area the chance to showcase and sell their products for a month.
The concept store will also act as a retail experiment for eBay and the participating businesses, using QR codes for purchases and tracking a number of sales and traffic metrics. It is designed to provide an opportunity to better understand the interaction between physical and online retail and explore the valuable role physical stores can play in driving separate, online sales.
The new space has been designed with the theme ‘Home Grown by Wolverhampton’. A place where botanical garden meets first-class retail space, it stands as a physical symbol of the important role that homegrown businesses play in their communities. The space aims to celebrate eBay’s work to help Wolverhampton’s businesses evolve for the 21st Century, showing how online and offline retail can co-exist and work in harmony.
The selection of businesses featured will change each week and will include businesses such as Tony’s Deli (a local deli selling his food hampers online), HomeSmart Blinds (a Wolverhampton based window blind supplier) and White B Gifts (a business selling illustrations inspired by local history).
The concept store is eBay’s latest commitment to Wolverhampton as part of its Retail Revival pilot scheme, a year-long programme in which the marketplace is working closely with 64 local businesses to help them maximise digital sales and demonstrate how online and physical retail can thrive in combination.
eBay’s partnership with the City of Wolverhampton was announced in September 2018 after research conducted by Development Economics revealed that a quarter (25 per cent) of small retailers across the UK do not have an online presence aimed at generating sales – defined as a website, social media channels or a presence on an online marketplace.
Worryingly, nearly three quarters (71 per cent) said they had no plans to close this digital gap in the future. The research showed that were these businesses to close the digital gap, they could benefit from as much as £4.1 billion in additional sales revenue each year, equating to £19,250 in additional annual revenue for each individual business without an online presence.
Retail Revival participants benefit from one-on-one training and support, that covers eBay selling basics, as well as digital skills such as Search Engine Optimisation and promotional support.
Participants in the programme passed £2 million in sales in March – with a reported average year on year growth of 36 per cent – just six months into the pilot. Beyond sales, nearly half of the businesses on the programme (46 per cent) have expanded or plan to expand their business premises since enrolling, while four in ten (42 per cent) have hired or plan to hire additional staff.
As well as showcasing products from 40 of the retailers participating in Retail Revival, the pop-up will host a series of interactive events and workshops to help the community get to know these local businesses. This will include a meet and greet with an array of reptiles and pets hosted by pet supply store Hugglepets, a make-up tutorial from cruelty-free beauty brand Second Glance Cosmetics and a ‘design your own backpack’ workshop run by handmade accessories business, Goodstart Jones.
To celebrate the opening of the concept store, eBay will support many of the participating Retail Revival businesses by funding a 20 per cent discount for customers between 13 and 16 May.
One business that will be participating in the concept store is Fizzbiz, which sells fabrics, zips, haberdashery and embroidered items online. Fiona Scarrott, who founded Fizzbiz in 2014, said:
“The eBay Concept Store is such an exciting opportunity to learn more about physical retail and I’ve been blown away by the opportunities the Retail Revival programme has given me. I’ve received training and mentoring on new topics and skills, and it has taught me many valuable lessons to help develop my business. But it’s not just about getting to take part in the Concept Store – Retail Revival has opened so many other doors for Fizzbiz, which started as a hobby. In the last six months my turnover has almost doubled, helping fulfill my dream of building a workshop in my garden to let me focus on my business.”