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 »
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 »
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: 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
Total like-for-like in-store sales were down by -10.1% in March from a flat base last year, according to BDO’s High Street Sales Tracker. BDO said that the second worst month on record was primarily due to the severe winter weather. Footfall dropped by -3.3% over the four-day Easter weekend from Easter last year, but Springboard
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