Alan Monahan writes: The Black Friday phenomenon is almost upon us once again, with the clock ticking down to what has been described as ‘Britain’s biggest shopping day’ – November 23rd. It’s reckoned that a total of £4.75 billion will be spent by UK consumers, with 47% of that in online purchases. I’m not
Retail Reflections: Black Friday’s ‘best deals’; bira and that business rates reduction Read More »
More than 200 UK shopping centres, collectively worth around £7 billion, are at risk of closure if their owners fail to secure fresh equity for refinancing and ‘much-needed redevelopment’, according to asset management company APAM. Retail sales growth slowed in the year to October, following four consecutive months of firm sales during the summer, according
Alan Monahan writes: As with my own appearance, the face of Autumn Fair is much changed from the show I first visited more than 20 years ago. But like me, it has managed to keep a spring in its step despite some shrinkage! And while some exhibitors at the NEC were bemoaning the fact that
As an incentive for people to shop in person and for online retailers to lease physical stores, international property firm Colliers International suggests that the government should create a two-tiered VAT system where shoppers would be charged 15% for purchases in stores and 22.5% for online transactions. Meanwhie, Tesco chief executive David Lewis has again
Alan Monahan writes: A month ago I mentioned in my column that the British Retail Consortium was calling for a two-year freeze on business rates. Helen Dickinson, its chief executive, has now reopened discussion about the outmoded tax system and the woes of our industry. She doesn’t believe that a successful transformation can be achieved
Retail Reflections: Why small retailers matter Read More »
Alan Monahan writes: I do hope that your Christmas sales have defied the grim predictions of the doomsayers. For what is supposed to be the most joyful time of the year, recent data has been less than upbeat In my last column I said that the jury was out regarding Black Friday. Well, Visa UK
Retail Reflections: don’t despair of the data, you can still put money in the till Read More »
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