Retail entrepreneur Mark Pearson, the founder of MyVoucherCodes, sought to capitalise on this growing trend in May with the launch of a new £30m VC fund for disruptive retail startups. Elsewhere, two young entrepreneurs from Supa Academy have aligned with DJ Edith Bowman, Facebook, Pepsi Max and River Island to support rising retail tycoons. Companies representing the retail sector in this year’s Hot 100 include the likes of furniture firm JB Global. Interestingly, this business started as a seller on eBay well before the ecommerce boom truly exploded, aided by smartphones. It was able to get ahead of the game and secure a loyal following, in turn becoming eBay UK’s largest retailer by turnover. Today’s retailers are increasingly focused on taking their high street services into the digital world, but JB Global did the opposite. Its sales allowed the firm to move into physical locations with the Oak Furniture Land showrooms, 50 of which are spread across the UK. Operating in another area of the retail world is B-sporting, the firm behind Sportsshoes.com, which achieved a revenue of £33.5m. The reverse of JB Global, the company has closed its stores to focus on the ecommerce explosion, which supports Pearson’s decision to back the market. “The ecommerce sector is thriving and Fuel.Ventures will be investing in the most ambitious and scalable opportunities. Our mission is to create, invest and grow companies,” Pearson said. While some firms on the high street may have struggled in recent years, it’s become clear that the British retail industry is back and stronger than ever. Read more about the 2015 Hot 100:
- Is London losing its hold as the UK’s hub for growing businesses?
- Unveiling The Hot 100 2015 list of companies you cannot ignore
- From 1997-2007: The historical high-rankers of The Hot 100 fast-growth British firms
Check out the full breakdown of the UK’s fastest growing sectors below:IT, software and telecoms: 10 Financial and professional services: 7 Manufacturing and engineering: 13 Construction, property and related services: 10 Food and drink: 8 Retail and related services: 23 Energy and commodities: 2 Logistics and distribution: 3 Pharmaceuticals, medical and related services: 1 Miscellaneous: 8 Outsourcing: 5 Care services: 2 Recruitment: 4 Leisure and travel: 4 By Zen Terrelonge
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