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Local Bike Shop Day 2020 save the date

22 May 2019

We are excited to announce that following the success of this year's event we are already busy preparing for next year's big day.
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Local Bike Shop Day 2019 busiest day ever!

16 May 2019

Local Bike Shop Day is the one day a year when independent bike shops across the UK can come together to celebrate their distinctive culture. It's the day for local bike shops to showcase their... Read more…

Ultimate guide to advertising on Facebook

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Are you interested in learning how to run Facebook ads? This is a step-by-step guide of best practices to advertising.
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You can influence customers acting on impulse and boost your sales
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Children's creative summer workshops

8 May 2019

Summer holidays can keep crafters away from their hobby and away from visiting your store. Running children's workshops can open your store to those crafters with children and parents looking to... Read more…

Call for evidence on retail violence

8 May 2019

The Home Office is calling on all retailers to provide evidence on retail violence in order for the government to understand the true impact of violence and abuse on retailers.
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Harness Instagram for your business

8 May 2019

Instagram is a huge part of a business's online presence today, why not learn the top tips on getting the most from Instagram?
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Your thoughts on Local Bike Shop Day

8 May 2019

Local Bike Shop Day took place just over the weekend and we want to hear from you. What was Local Bike Shop Day for you?
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Samways and Son are 70 years old!

8 May 2019

It is not very often that a business can say they have been trading for 70 years, but Samways and Son now can.
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Black Friday hits independent retailers hard

Posted on in Business News

Vend, the leading management platform, provides data that suggests that independent retailers across the UK were hit the hardest by the discounts during the Black Friday period.

Toy stores across the UK were let down by the Black Friday period increasing discounts by 102% but only seeing an 11% spending increase against previous weeks.

Although, in-store spending for independent fashion retailers was 55% higher than an average week, the discount rate increased by 480%.

In-store retail spending across the Black Friday period this year has dropped by 13% compared to the 2017 figures.

Vends' data and insight into Black Friday found that while Black Friday provides a significant increase for retail, the competing pressure to offer discounts counterbalances this. Health and beauty retailers increased their discounts by 566% while fashion and apparel stores increased their by 480%. There is this constant competition brewing between sectors in retail and more and more the extent of increased discounts are proving to be an uncertainty.

Smaller independent retailers have been dropping prices to capture footfall over the Black Friday weekend and this may not be beneficial to the stores trying to compete on price. Larger brands and retailers can take the risk to push prices lower over the largest trading period of the year. Black Friday may have even become the biggest trading period of the year for major retailers but this doesn't translate to smaller businesses.

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