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: Like me, I’m sure that many of you have been niggled by the constant media references – BBC Breakfast is a repeat offender – to failing retail outlets being on the high street, when they are clearly not. So I punched the air in approval when I read a letter in the
Retail Reflections: Tough times, but a glimmer of hope on the horizon Read More »
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 »
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 »
Alan Monahan writes: In my last column I called for fundamental reform of the business rates system. But I wasn’t at all surprised that the Chancellor of the Exchequer didn’t promise a major overhaul in his Budget on Wednesday, March 8th. Indeed, Philip Hammond fell well short when it came to addressing the concerns of
Retail Reflections: Rates – relief for some; footfall and sales disappoint Read More »
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