New research has found that pop-up businesses of all sorts, from shops to bars to restaurants, are adding billions to the UK economy, employing 26,000 people and growing at 12.3 per cent last year, with the sector worth £2.3bn annually.

The survey conducted by the Centre for Economic and Business Research (CEBR) found that pop-ups account for 0.76 per cent of all retail turnover in the UK, compared with 0.62 per cent in 2014. It also revealed that shoppers are spending more time and money in the temporary spots than ever before, spending £124 a year there.

According to CEBR, the UK is home to more than 10,000 pop-ups, and it’s not just new businesses involved in the trend. Of established retailers, 8 per cent said they had launched a pop-up in the last year and 10 per cent said they planned to in the future, as they test out new locations and products.

A spokesman for the Centre said that pop-up retail is continuing to become an increasingly viable platform for people with new business ideas and for established businesses looking to engage with customers in new and innovative ways.

He added that it is becoming more usual for successful retailers to offer customers the ability to shop when and where they want. As such, the flexibility of pop-up stores makes the format increasingly attractive. However, without appropriate investment in technology, efficiently co-ordinating a range of platforms is becoming increasingly challenging for businesses.

The most important point is that annual growth of 12.3 per cent is streets ahead of that in the rest of the retail sector, which increased just 1.1 per cent last year and is expecting annual growth of around 2 per cent this year.

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