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Brightpearl’s retail customers’ growth exceeds retail industry average

Brightpearl’s retail customers’ growth exceeds retail industry average

Brightpearl’s customers’ sales grew at 35% in 2011 compared to single digit growth of the industry at large

SETsquared Alumni member, Brightpearl, a pioneering vendor of cloud-based software for small retailers, today announces impressive customer growth figures bucking industry trends. Brightpearl’s software has helped its customers see exceptional growth, with like-for-like sales growth of 35 per cent between February 2011 and February 2012. This is compared to retail industry figures indicating year on year growth of just 2.1 per cent on the high street and 16 per cent online (IMRG/Capgemini).

These healthy figures come in what continues to be a bleak period for retailers, with 14.6 per cent of stores lying empty, according to the Local Data Company. Economists are also predicting that consumers will feel the pinch even more following the announcement of the budget last week.

Salman Malik, CEO of Brightpearl comments: “We are delighted to see that the growth of our customers’ sales outstrips 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 co-ordinated.”

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