Why online retailers are leaving the UK

Retailer David Walker says he is looking at moving to Canada to take his business online.

He is considering setting up shop in the new market but he is wary of the cost of living.

“The cost of running a small business in Canada is higher than in the UK, which is why we’re looking at it,” Mr Walker said.

Online shoppers are leaving shopping malls in droves, leaving little to replace them.

The International Trade Commission (ITC) has warned that online shopping is on the decline and has said online shopping could account for up to 15 per cent of the UK economy.

It says the number of online orders is expected to reach 1.5 billion by 2021, up from 1.1 billion a year ago.

More than 90 per cent (95 per cent) of UK shoppers use a mobile device to shop, up 11 per cent compared with this time last year.

However, the ITC said online sales had fallen more than 30 per cent since 2015.

Mr Walker said he was looking to expand his business to Canada, but he would need to raise $200,000 to do so.

His wife and two sons have been living in London since February 2018.

They plan to move to the new country in the spring of 2021.

In the US, Walmart, Target, Amazon and Best Buy are among the companies that have recently announced plans to open new stores.

Walmart plans to double its store count in the next five years.