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2019-2020 Scottish Government's Budget

13 Dec 2018

The 2019-2020 Scottish Budget plan provided by ACS outlines the spending commitments from the Scottish Government with regards to retail.
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Free independent retailer training

12 Dec 2018

Mid Sussex District Council is offering local retailers to sign up now for free training to keep Mid Sussex high streets vibrant and alive.
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Best Small Shops Winner 2018

12 Dec 2018

A combined bookshop, café, deli & homeware shop based in St Boswells, in the rural Scottish Borders, has been named Britain's Best Small Shop of 2018 at an event at the Houses of... Read more…

booost pre-registration competition winners announced

10 Dec 2018

To promote the coming-soon loyalty, gifting and promotions app - booost, a competition was run offering retailers free access and prizes.
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UK retail sees a bigger shift to online

10 Dec 2018

The UK retail market sees more money spent online than on the high streets
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Britain's Best Bike Mechanic 2018 in association with Park Tool

5 Dec 2018

Earlier this year Cycling Weekly and MBR set out to find Britain's Best Bike Mechanics in association with Park Tool and supported by British Cycling, with the final held at ATG Training's new... Read more…

What can help retailers stand out?

5 Dec 2018

Delivery services offered by retailers can help them stand out from their competition. But there are elements that make the difference.
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Taxing online sales may be the way to save the high street

5 Dec 2018

Tax retailers that make more than 20% of turnover online, all the while subsidising high streets through cheaper rates is the way to save the high street.
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3rd of sales took place online on Black Friday, this isn't a positive

5 Dec 2018

Black Friday has become an overwhelming online event, suggested through the online sale figures.
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April 2019 NLW and NMW rates

3 Dec 2018

The Low Pay Commission report 2018 has been published with recommendations for NLW and NMW rates to apply from April 2019
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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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