15,000 brands, $2.5 billion market value, Faire platform is accelerating its expansion into the European market

Online wholesale marketplace Faire has announced its official launch in the UK . The platform also said it will launch in the Netherlands and other European markets in the coming months to serve more retailers.

UK consumer boom is coming, creating opportunities for Faire

Faire provides a comprehensive end-to-end platform that enables independent retailers to build, grow and operate their businesses. Faire is growing very fast, with an annual growth rate of 200% . It currently serves more than 170,000 independent retailers in North America , representing more retail locations than Marks & Spencer , Boots , Aldi , Starbucks and Tesco combined.

Faire , which is valued at more than $2.5 billion (£1.9 billion), is expanding into Europe as part of its commitment to creating a truly global marketplace .

Max Rhodes, chief executive of Faire, said: “ Faire’s decision to open its first European office in London demonstrates our confidence in the UK consumer and retail sector . The move into London will build on Faire’s partnership with the Department of International Trade to accelerate the growth of British brands around the world.

As the UK plans to reopen its non-essential retail sector later this spring , this provides an opportunity for Faire to enter the UK market.

It is reported that more than 60% of British consumers believe that shopping at small businesses is unique. And data from American Express shows that 40% of consumers have increased their spending at local businesses in the past year. Coupled with the Bank of England's forecast that there will be a spending boom due to household savings totaling £250 billion last year , this shows that the prospects for the reopening of independent retailers in the region are bright.

Faire attracts retailers with four advantages

Faire will then become an important partner for retailers to prepare and replenish inventory, providing retailers with a simple but powerful toolkit of data insights, payment terms and logistics solutions. Independent retailers across the UK using the Faire platform will benefit from the various advantages of the Faire platform:

First, it has a strong brand network. Faire's brand community has grown to more than 15,000 brands in more than 70 countries , enabling retailers to discover unique products from around the world, including high-quality goods that Amazon does not sell .

Second, competitive credit terms. Faire offers purchasing retailers net 60 terms, providing more flexible and secure payments.

Again, free return policy. Faire is the first wholesale market to offer free returns for open brand orders, eliminating retailers’ inventory risks to a certain extent.

Finally, leading shipping solutions. Faire helps small businesses adapt to the post-Brexit market by supporting country-specific pricing and product-level tariff codes, as well as competitive international shipping rates through Ship with Faire.

Max Rhodes, CEO of Faire, said : “We are delighted to begin serving retailers in the UK, but recognise that the challenges facing the European retail sector are unique.

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