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Brexit guidance for retailers

18 Feb 2019

The government has published more Brexit guidance for retailers in the case of a no deal Brexit
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Smart metering implementation programme

15 Feb 2019

The Department for Business, Energy and Industrial Strategy's have proposed to increase engagement with microbusinesses to build their awareness and understanding of the use of smart meters
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Extending the Single-Use Carrier Bag Charge

15 Feb 2019

The Department of Environment, Food and Rural Affairs' have proposed to extend the carrier bag charge
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E-learning courses for businesses

11 Feb 2019

East Sussex Trading Standards are working with their partners in the Fire Service and Environmental Health and widely through the Business Advice and Support Partnership to supply e-learning for... Read more…

Guidance in preparing for EU exit

11 Feb 2019

A new guidance has been published for the retail sector with information on preparing for the EU exit
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Mobile ecommerce conversions are low, but why?

8 Feb 2019

Desktop ecommerce is getting outweighed by mobile ecommerce but conversions are still very low
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Click & Collect market is predicted to grow

8 Feb 2019

The click & collect market is predicted to grow to 46% over the next five years
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In-store spending encouraged by mobile payments

5 Feb 2019

A study into mobile payments has shown that stores offering mobile payments have more customers and spending
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What business models are working well for retailers?

5 Feb 2019

Internet Retailing reports on retailer's business models that are working in the New Year and listening to the voice of the consumer
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Calls to delay Making Tax Digital rejected

5 Feb 2019

The government has rejected the recommended delay to the introduction of Making Tax Digital (MTD)


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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.

black friday 

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