BDO says that despite reports of low footfall in September, like-for-like sales of lifestyle goods grew by 3.6%, suggesting shoppers made fewer trips but conversion rates were higher. Some department stores have already revealed that savvy shoppers are hunting for early Christmas presents, further boosting the lifestyle and gifting sector. The accountancy firm reports that […]
Retail news round-up: September sales boom Read More »
A new Salmon Insights white paper addresses ‘The dominance and threat of Amazon’ and ‘why brands need to start fighting back fast’. It says that with nearly 40% of online UK spend going through Amazon, and clear signals of the retail giant’s intent to own the interfaces that connect sectors to their customers, savvy businesses
Retail news round-up Read More »
It has been revealed that Amazon paid just £14.95mn in tax on its European business last year, despite making huge profits of £19.57bn and capturing a major slice of the British retail trade. The Luxenbourg-based company’s cross-border arrangements are likely to infuriate smaller and independent businesses which are currently beset from all sides by
Amazon escapes huge tax bill Read More »
I was pleased to hear that the government is “committed to switching business rates indexation from RPI [retail prices index] to CPI [consumer prices index] from 2020”. More worrying is that legislation will be introduced “in due course”, so let’s hope these aren’t weasel words. The reform could save organisations £1 billion. As many large
Editor’s news round-up Read More »
The revelation this weekend that the conservative party put aside concerns about the impact of business rates rises on the high street has prompted renewed calls for a fair deal for British retailers. The Sunday Telegraph reported on February 19 that The Department for Communities and Local Government noted retailers were being “completely clobbered”
Will concerns over business rates finally be heard? Read More »
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