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Budget leaves retail sector disappointed with support offered by the Chancellor

16 Mar 2023

Industry experts and trade associations in the retail sector have been expressing their disappointment at the support offered to retailers in the Chancellor’s Budget.
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UK home entertainment market enjoys its tenth consecutive year of growth.

15 Mar 2023

The UK home entertainment market enjoyed its tenth consecutive year of growth in 2022 to reach a record, according to figures published by the Entertainment Retailers Association.
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Retailers face up to £1m fines for underage knife sales under new sentencing guidelines

14 Mar 2023

Retailers caught selling knives to children in England and Wales could face a £1m fine when new sentencing guidelines come into effect on 1 April.
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80% of British public want card payment fees slashed as the cost-of-living crisis hits businesses

14 Mar 2023

New data shows that a majority of the UK public oppose the rising and unregulated costs British businesses face for simply accepting payments. With the cost of doing business at record levels,... Read more…

How independents can become more sustainable

13 Mar 2023

From saving energy and lighting costs, to using biodegradable packaging and prolonging a product’s lifespan, Drapers Magazine has been looking at how independent retailers can improve... Read more…

Over 160,000 SMEs without mandatory employers’ liability insurance risk fines and prosecution

3 Mar 2023

More than 160,000 small businesses in the UK with between one and nine employees will not have employer’s liability insurance by the end of the year, according to new research from Smart... Read more…

Bakers showing resilience despite cost pressures

3 Mar 2023

Britain’s bakers are showing great resilience despite continued cost and operational pressures, according to industry groups.
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New research shows local high streets & shopping centres more resilient than major shopping hubs in cost-of-living crisis

3 Mar 2023

New data from commercial property specialist Colliers shows that in the face of the UK’s cost of living crisis, minor retail destinations such as local high streets and shopping centres... Read more…

Value of contactless payments grew 50% last year.

27 Feb 2023

Barclays, which oversees nearly half of the UK’s card spending, has reported that the total value of contactless payments made using Barclays cards in the UK increased by 49.7% year on... Read more…

UK bike sales hit 20-year low but long-term outlook remains positive

22 Feb 2023

The Annual Market Data Report for 2022 from The Bicycle Association (BA) reports annual cycle sales in the UK fell to 1.88 million units in 2022, a 20-year low, 27% below pre-COVID levels in... Read more…

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Are you maximising retail finance within your business?

Posted on in Business News, Cycles News

IRFTThe Association of Cycle Traders (ACT) are delighted to announce a new service that allows retailers to amplify their sales and profits through effective training on retail finance.

Retail Finance Training (RFT) is an online learning course delivering an informed insight into Retail finance that can be completed anywhere, in your own time.

 

Train your staff to effectively promote retail finance

Do you offer retail finance but it hasn’t had the sales increase you expected? Do your staff know how to effectively promote retail finance in your store?

Various consumer surveys show that customers are more likely to spend a higher amount if retail finance is sold correctly, and for many customers, having the option to spread the cost was the main reason the purchase was made.

The RFT course will teach you and your staff how to encourage customers to make purchases, as well as maximising their spending through techniques such as financial promotion, Point of Sale (POS) and bundling.

The indie retail finance course is a fun and interactive course that shows you how to upsell the benefits of offering retail finance and how to make it make more profit for your business.

Screenshot taken from RFT Module 4: Making the most of retail finance

This course is designed for all owners and employees in a business that either currently, or plans to, offer retail finance as a payment method. The course saves your progress so it can be picked-up and completed when it suits you and once passed you get an indie retail finance qualification and certificate.

Your business invested time getting access to a retail finance account, now learn how to use it properly and sell more.

Give yourself, as well as your staff, the skills that will help you to boost sales and make retail finance a success for your business.

 

Start your RFT journey now

The course retails for just £150 including VAT. However, members of the ACT and ActSmart receive up to a 50% saving off the RRP, meaning that you can access the course from just £75 including VAT.

Try a free demo version now or click the button below to login to your ACT account and access your discount to get started!

Get started

 

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