Alan Monahan writes: A bouquet for the Federation of Small Businesses, which has once again turned the spotlight on retailers. This was prompted by a rise in employment to 75.4% – the highest level since records began – and a drop in the number of self-employed people by 30,000 to 4.76 million. It is independents
Chancellor Philip Hammond’s Spring budget was meant to squash the doom and gloom and present a picture of hope for the British economy, with a forecast that envisaged more growth coupled with less inflation and debt in the year ahead. For the retail sector his March 13 speech set a new date of 2021 for
Spring Budget statement Read More »
Some of the UK’s biggest retailers have pledged their support for an action plan launched by the British Retail Consortium (BRC) called Better Retail, Better World. Those already signed up to the programme include John Lewis, Kingfisher, Sainsbury’s, M&S, Dixons Carphone, Next, Boots, Aldi, Co-op, House of Fraser, Fenwick, Ikea, Lidl, Morrisons, Ocado, WHSmith, Wilko,
Better Retail, Better World Read More »
Following a business campaign led by the British Retail Consortium (BRC), the Chancellor Philip Hammond has announced in his Budget of November 22 2017 that the move from RPI to CPI indexation will be brought forward by two years to April 2018. The new measures could help British businesses save £2.3bn over the next five
Budget introduces rates and VAT measures to help store owners Read More »
Single’s Day, the Alibaba-organised sales promo extravaganza taking place annually on November 11, racked up $25.3 billion in gross merchandise volumes, exceeding last year’s sales figures by 39%. The event has successfully made retail into a form of entertainment – “retail-tainment” and the countdown to the start was given some serious bling with celebrities
Retail news round-up: Single’s Day boom with retail-tainment Read More »
For the first time, the volume of retail purchases made by card now accounts for more than half of all customer transactions, according to the British Retail Consortium’s Payments Survey. Retailers’ investment in payment technology has led to greater customer choice over how they pay for their goods both in store and online. The BRC
A cashless society Read More »
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