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
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
Alan Monahan writes: And so to Harrogate. Next week I will be happily heading to the Home & Gift Buyers’ Festival in the spa town as I have done for the past 23 years. Driving to North Yorkshire, my spirits will be lifted as I re-enter the time warp that is Harrogate in the knowledge
UK retail sales suffered their biggest quarterly fall in a year as the ‘Beast from the East’ kept shoppers away from the high street. Sales volumes fell 1.2% in March, compared with February. Sales of clothing, petrol and food all suffered, according to the Office for National Statistics. Fifteen major UK retailers or restaurant groups
Retail news round-up: Beastly sales; rates rises hit stores; Amazon in top five Read More »
An investigation by Which? has revealed that almost 50 major online retailers were misinforming or failing to provide clear information to shoppers about returns rights on their websites. The consumer champion says that as a result of its investigation 10 retailers, including Lakeland and M&S, have since updated their information to clarify the unwanted and
Retail news round-up: online information; Easter sales, import duties Read More »
Chancellor Philip Hammond’s Spring budget was meant to squash the doom and gloom and present a picture of hope for the British economy, with a forecast that envisaged more growth coupled with less inflation and debt in the year ahead. For the retail sector his March 13 speech set a new date of 2021 for
Spring Budget statement Read More »
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