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Retail inflation remains low as clothing and footwear prices keep falling

5 Aug 2024

Annual shop price inflation remained at 0.2% in July, according to the BRC-NielsenIQ Shop Price Index, the lowest rate since October 2021. Non-food prices remained in deflation, with an annual... Read more…

Men who stole thousands from small businesses sentenced

5 Aug 2024

Two men have been handed suspended sentences after stealing thousands of pounds from small businesses during a card-machine scam.
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Swansea shop stops selling luxury items as thefts rise

5 Aug 2024

Tying down products and stopping selling high-end items are among the measures one shop owner has taken amid a rise in shoplifting.
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The Ice Cream of the Crop on Merseyside wins two more awards

5 Aug 2024

A family-run business that "people come from everywhere" to visit has won two awards. John Hughes is the proud owner of West Kirby's Ice Cream Shop which specialises in creating every... Read more…

Small shop owners reject government’s Work from Home policy, warning they may lose 60% of customers

5 Aug 2024

Workers' rights plans guaranteeing the right to flexible working whenever feasible has led to small shop owners voicing strong concerns about its potential impact on their businesses.
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Pudsey shop gets into festive spirit early to support people on their ow

22 Jul 2024

It may only be July – but a shop in Pudsey is getting into the Christmas spirit by announcing festive plans to support people who will be by themselves.
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New campaign encourages people to support independent businesses in Midsomer Norton

22 Jul 2024

A ‘Shop, Dine and Visit Local’ campaign has been launched in Midsomer Norton with backing from businesses and Bath & North East Somerset Council.
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Barrowford shop owner gift wraps to raise money for cancer charity.

22 Jul 2024

Andrea Pinder, owner of the Presentations Cards and Gifts shop in Barrowford, North East of Blackburn in the Pendle district of Lancashire,  has raised £1,000 for the Rosemere... Read more…

King’s speech includes proposed bills to reform retail industry

22 Jul 2024

The King’s Speech in Parliament last week, which outlined 40 draft laws that the government is aiming to pass in the coming parliamentary session, included some that will directly affect... Read more…

Convenience Stores Top List of Services that Promote Local Growth

22 Jul 2024

The nation’s local convenience stores are the number one service for promoting local growth, according to new findings.
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Fire Brigade warns about dangers of e-bikes purchased from online marketplaces

Posted on in Business News, Cycles News

A recent article in The Telegraph warned about the dangers that e-bikes can hold when purchased from online marketplaces, which may not meet correct safety standards.

A fire, believed to have been started by a malfunctioning battery, has destroyed the ground floor of a house in East London, with two women, a man and two children being taken to hospital after inhaling smoke during the incident.

Investigators for the London Fire Brigade (LFB) believe the fire started accidentally after the batteries of a converted e-bike malfunctioned.

The LFB said that knock-off chargers for e-bikes could be potentially hazardous and warned they were seeing a significant rise in the number of fires involving the devices.

They urged people not to charge bikes overnight as the fires caused by malfunctioning batteries could spread rapidly and with “ferocity”.

An LFB spokesman said: “It’s incredibly concerning that we are continuing to see a rise in incidents involving e-bikes and e-scooters.”

This year alone fire crews have already attended 32 fires involving e-bikes and another seven involving e-scooters.

So far in 2022, there have been a further 17 fires involving other lithium-ion batteries and last year, in total there were more than 100 fires in the capital involving lithium-ion batteries.

The spokesman continued: “When these batteries and chargers fail, they do so with ferocity and, because the fires develop so rapidly, the situation can quickly become incredibly serious.

“Lithium-ion batteries are susceptible to failure if incorrect chargers are used and there is a significant risk posed by e-bikes which have been converted, such as in this case.”

The spokesman said that the majority of the fires were started by e-bikes purchased from online marketplaces, which may not meet correct safety standards.

With customers being warned of the dangers of buying e-bikes from online marketplaces, it is important now for IBDs to appeal to the market and educate consumers on the importance of buying certified e-bikes from a responsible seller.

 

Help your customers to purchase their e-bike safely

As e-bikes from a reputable shop can often seem overly expensive to consumers, it is also important that IBDs present them with opportunities to spread the cost, through services such as retail finance.

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.

Whilst retail finance certainly has the potential to be your business’s most powerful sales tool, unfortunately, it is not one that sells itself, so it is up to you and your staff to let every customer know the benefits of using finance in today’s economic climate.

The Retail Finance Training 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 course retails for just £150 including VAT. Members of the ACT and ActSmart receive up to a 50% saving off the RRP.

To get started visit: indieretail.training.

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