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 »
More than 82% of UK consumers would rather shop in a bricks and mortar store than buy online because products can be viewed before committing to a purchase, according to e-commerce agency PushON. However, its survey of 1,000 shoppers revealed that 52% of those believe that retailers need to offer a more seamless experience between
Retail news round-up: Preference for shopping in physical stores; Christmas comes early 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: 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 »
The volume of retail sales grew for the third consecutive month in the year to January according to the CBI, but sales for the time of year were the weakest against seasonal norms in over four years. Growth in online sales rose firmly in the year to January at the fastest rate since this time
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