Over the last two years, a significant number of consumers have made the shift to digital payments. Meanwhile, a growing number of players have been solidifying their market share in the digital payments space.
However, Paypal has a unique history. In 2000, Paypal entered the digital money transfer space early on. It became a popular choice for payment transfers across the world.
Today, it has established itself as one of the most popular digital payments players in the UK, with more companies and consumers adopting its usage to make eCommerce transactions.
Here's a look at the top companies using Paypal in the UK, which include several iconic brands that are over 200 years old.
Asos' Founders: Nick Robertson, Andrew Regan, Quentin Griffiths, Deborah Thorpe
Year Founded: 2002
Asos' Location: London, Greater London
Asos' Monthly unique visitors: 11,346,192
Asos' Order volume: 50,000+
Asos' Web sales: Over $5B
An earlier entrant to the world of online retail, Asos is popular around the world for its fashion and cosmetic collections.
The company expanded to other regions in Europe, Australia, Russia, and China in 2010. It houses a mix of menswear, womenswear, jewelry, footwear, beauty products, and accessories.
The company also owns several fashion labels and has cultivated a strong millennial following because of its trendy styles.
eBay's Founder: Pierre Omidyar
Year Founded: 1995
eBay's Location: London, Greater London
eBay's Monthly unique visitors: 8,187,323
eBay's Order volume: 50,000+
eBay's Web sales: Over $5B
This erstwhile online auction platform offers a gamut of B2B and B2C products. It has a unique relationship with PayPal, which it acquired in 2002. Paypal then became the default payment option for eBay users.
The company spun off into a separate publicly-traded company in 2015. Today, eBay also markets pre-loved products, a growing category in its niche.
Sainsbury's Founder: John James Sainsbury
Year Founded: 1869
Sainsbury's Location: London, Greater London
Sainsbury's Monthly unique visitors: 967,145
Sainsbury's Order volume: 50,000+
Sainsbury's Web sales: Over $5B
The UK's second-largest supermarket retailer began by offering fresh food and packaged items. It gradually expanded across a gamut of food products. Today, it comprises three divisions—Sainsbury's Supermarkets Ltd, Sainbury's Bank, and Argos.
Marks and Spencer's Founders: Michael Marks, Thomas Spencer
Year Founded: 1884
Marks and Spencer's Location: London, Greater London
Marks and Spencer's Monthly unique visitors: 1,364,248
Marks and Spencer's Order volume: 50,000+
Marks and Spencer's Web sales: $1B - $5B
This iconic British brand has strengthened its legacy as a popular department store and grocery retailer.
Marks and Spencer has also emerged as a prominent online retailer, investing in its digital presence to attract new demographics of customers across the world.
Farfetch's Founder: José Neves
Year Founded: 2007
Farfetch's Location: London, Greater London
Farfetch's Monthly unique visitors: 4,245,969
Farfetch's Order volume: >50000
Farfetch's Web sales: $1B - $5B
The British-Portuguese fashion and apparel luxury retailer Farfetch caters to multiple segments—menswear, womenswear, kidswear, as well as footwear, bags, and accessories.
The company has a strong online presence and launched as an eCommerce marketplace for luxury products. Under its Luxury New Retail umbrella initiative, it offers an enterprise solution to serve the luxury retail industry.
Screwfix's Founder: Jon Goddard-Watts
Year Founded: 1979
Screwfix's Location: Yeovil, Somerset
Screwfix's Monthly unique visitors: 1,021,003
Screwfix's Order volume: 50,000+
Screwfix's Web sales: $1B - $5B
As the name suggests, Screwfix is the UK's largest multichannel retailer of trade tools, accessories, and hardware products. It offers both physical stores and a robust online retail platform.
It has pioneered innovative concepts like the click-and-collect service, which has empowered consumers to access products from physical stores within minutes.
SportsDirect's Founder: Mike Ashley
Year Founded: 1982
SportsDirect's Location: Shirebrook, Derbyshire
SportsDirect's Monthly unique visitors: 919,087
SportsDirect's Order volume: 50,000+
SportsDirect's Web sales: $1B - $5B
The company is a leading sporting goods retailer in the UK, offering multiple sports, fitness, fashion, and lifestyle brands.
SportsDirect's collective online and offline presence has made it the largest retailer in the sports retail segment. It is now investing in growing its online presence.
PrettyLittleThing's Founders: Umar Kamani, Adam Kamani
Year Founded: 2012
PrettyLittleThing's Location: Manchester, Greater Manchester
PrettyLittleThing's Monthly unique visitors: 1,525,336
PrettyLittleThing's Order Volume: 50,000+
PrettyLittleThing's Web Sales: $500M - $1B
PrettyLittleThing is owned by the Boohoo Group, which also operates in Australia, the US, Ireland, France, the Middle East, and North Africa.
The fast-fashion brand caters to women in the 16-42 demographic and is one of the top online stores using Paypal.
JD Sports' Founders: John Wardle, David Makin
Year Founded: 1981
JD Sports' Location: Bury, Lancashire
JD Sports' Monthly unique visitors: 3,283,313
JD Sports' Web Sales: $500M - $1B
This British sports-fashion retail giant is a publicly-traded company. JD Sports opened its first store in 1981.
Since then, it has grown and made several strategic acquisitions. These include French sports retailer Sprinter Chausport, Spanish sports retailer Sprinter, shoe retailer Cloggs and Champion Sports.
Next's Founder: Joseph Hepworth
Year Founded: 1864
Next's Location: Enderby, Leicestershire
Next's Monthly unique visitors: 3,570,460
Next's Order volume: 50,000+
Next's Web sales: $250M - $500M
One of the UK's oldest retailers, Next continues to maintain its edge amidst growing competition from DTC brands and other fashion retailers.
Next offers clothing, footwear, and home products and continues to innovate. It is also home to Lipsy, which retails women’s and children’s apparel, accessories, beauty products, and homeware.
Gymshark's Founders: Ben Francis, Lewis Morgan
Year Founded: 2012
Gymshark's Location: Solihull, West Midlands
Gymshark's Monthly unique visitors: 2,154,916
Gymshark's Order volume: 50,000+
Gymshark's Web sales: $250M - $500M
This British fitness apparel and accessories brand manufactures and retails a wide range of custom-designed fitness apparel and accessories.
Gymshark was launched by two school friends who started drop shipping body-building supplements whenever an order was placed on their website. It has always been a digital-first brand with no physical stores.
End Clothing's Founders: Christiaan Ashworth, John Douglas Parker
Year Founded: 2005
End Clothing's Location: Newcastle upon Tyne
End Clothing's Monthly unique visitors: 3,025,616
End Clothing's Order volume: 50,000+
End Clothing's Web sales: $250M - $500M
The company was launched by two friends who set up a menswear store after completing university.
They launched their own eCommerce platform in 2006, and End Clothing took shape in its current avatar in 2009, when it changed the streetwear landscape through its innovative, premium, luxury designs.
Burberry's Founder: Thomas Burberry
Year Founded: 1856
Burberry's Location: London, Greater London
Burberry's Monthly unique visitors: 2,176,394
Burberry's Order volume: 50,000+
Burberry's Web sales: $100M - $250M
The British luxury fashion house has made a name for its exquisite designer trench coats, leather goods, fragrances, footwear, fashion accessories, eyewear, makeup, and personal care products.
Burberry initially offered outdoor attire but quickly shifted to the high fashion market.
Online shopping has grown by leaps and bounds in the UK, with eCommerce growing fast and furiously.
Traditional brick-and-mortar brands are catching up by expanding their online presence and becoming more innovative with their digital marketing and advertising approach.
Access to digital payment providers like Paypal expands the payment options for consumers and gives companies a competitive edge.
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