The Independent Retailers Confederation (IRC) and British Independent Retailers Association (Bira) are working with UK Finance, HM Treasury, Bank of England and The Royal Mint to gauge the shift in retail payments and how cash is valued in the independent retail community compared to other forms of payments. It is hoped that the insights gathered
Survey: Payment Trends in Retail Read More »
The most recent CPI inflation figures showed that headline inflation reached 10.7%, and food inflation at 16.4%, making the last quarter of 2022 a significant challenge for many UK households. Not only has the cost of food, gifts and clothing soared, but energy prices have also greatly increased. According to the British Retail Consortium (BRC),
Pressure on Retail as inflation rises and cash use declines Read More »
Almost half (44%) of British consumers interviewed by YouGov said that the way independent retailers make them feel valued made it more likely they would shop with them. However, just 22% of those polled said they currently visit an independent retailer in the first place, with 44% of those polled stating that, compared to the
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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