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Retail news round-up: Shop owners blame banks; a ‘new breed’ of consumer; social media promotions probed

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

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Retail Reflections: Call for help as small shops feel the strain; steep footfall drop; a question of confidence

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

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Retail Reflections: don’t despair of the data, you can still put money in the till

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

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