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 »
The Office for National Statistics (ONS) reported that retail sales in August rose by 3.3% compared with the same month a year earlier and by 0.3% on a month-to-month basis. This has surprised economists who had expected shoppers to rein in their spending. The unexpected results were driven by a rise of 4.5% in the
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: And so to Harrogate. Next week I will be happily heading to the Home & Gift Buyers’ Festival in the spa town as I have done for the past 23 years. Driving to North Yorkshire, my spirits will be lifted as I re-enter the time warp that is Harrogate in the knowledge
The British Retail Consortium (BRC) has revealed that total sales rose by 4.1% in May from a year earlier, the fastest pace for more than four years. The boost was triggered by glorious weather, two bank holidays and a wonderful Royal Wedding which got the country in an upbeat mood and was a welcome break
Royal wedding and hot weather brought a May boon for retailers Read More »
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