Happy New Year 2021...Best Wishes From Topdown Trading Team!
We would like to take this opportunity to send all our clients and supply chains our very best wishes for the New Year 2021.
2020 has been somewhat challenging for many of us. Some speculations for the year were about seeing it nearly impossible for the fashion market to survive. However overall, good portions of the market with strong online presence have over achieved their targets reaching better results than expected.
Why there is several high street stores closing down?
Yes it seems like an easy outcome to blame the pandemic however, the closures of many stores really was inevitable for the near future, due to transforming market conditions. Consumers have been directed more towards online shopping in previous years by getting offered better and swift services. This has left brick and mortar stores as a second choice although we enjoy the experience.
All this was meant to happen in few years to come on a slower pace and it would have gave more time for traditional businesses to adapt. However the pandemic fastened this process very rapidly forcing many stores for a decision to make.
Although many high street stores went in to administration, actually most are closing their stores to cut all expenses and moving fully or a major part of their business online.
Online trade has been around for quite some time now however, analysts speculate that still we are pretty much at the beginning! Probably the shift of business we will see in the next 3 to 5 years will be much greater than the entire history of online trade.
So it's never late!!
What’s in it for us?
A lot of stocks! For low prices! With all these lockdowns at least half of the high street stores goods are stuck in warehouses and as season passes it will have to be cleared.
It is actually a great opportunity to start your online business if you haven’t yet! These are the times where if you have any extra budget to invest more. Many independent online sellers have done record sales in 2020 even during lockdowns...
We will be offering tailor made business start-up deals suitable for every budget as the year begins.
We are very hopeful for 2021 and we believe even the first half of the year might be quiet challenging but the second half of 2021 will be coming with great opportunity and demand!
Be safe... Be hopeful... Best Wishes
Topdown Trading Team