A survey by the Nottingham Building Society has revealed that 46% of shop owners blame the closure of local bank branches in the last three years for damaging their businesses, while 24% said it contributed to them going out of business within the last five years. Retailers are also being hit by lower footfall, with
Retail sales grew at their fastest pace since September 2017 in the year to June, according to the CBI’s latest Distributive Trades Survey. It also revealed that sales volumes were well above average for the time of year. Additionally, the survey reported a jump in growth in the volume of orders placed on suppliers. The
Retail news round-up: Sales; business and consumer confidence; surplus shops Read More »
Alan Monahan writes: I popped into my local coffee shop the other day to be greeted by a hand-written sign on the counter: ‘Sorry, we can only accept cash payments.’ Oh dear, their computer had crashed and the barista was painstakingly noting all transactions on a piece of paper. Never mind. I always carry cash.
Retail Reflections: computer crashed and shop was happy to take my cash Read More »
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