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Is your creative shop the Best Small Shop of 2019?

14 Aug 2019

The IRC recommend small shops within creative industries to enter the competition and represent the industry with pride!
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Outdoor Shops encouraged to enter the Best Small Shops competition!

14 Aug 2019

Represent the outdoor sector and celebrate local outdoor shops around the UK
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The ACT shortlisted in the BikeBiz Awards 2019!

12 Aug 2019

The ACT has been shortlisted as a finalists for the Cycle Advocacy Award!
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Big ideas for Small Business Saturday

9 Aug 2019

Small businesses are encouraged to think big for Small Business Saturday!
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How was Cycle to Work Day for you?

8 Aug 2019

Cycle to Work Day is back for it's seventh year

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750 UK firms sued daily for failing to pay rocketing business rates

7 Aug 2019

All councils within England were requested to provide details of how many businesses had been taken to court for non-payment of their business rates during the 2018/19 financial year.... Read more…

BA encourages booksellers to go green

1 Aug 2019

The Booksellers Association (BA) has created a Green Manifesto encouraging themselves,Booksellers and the Book Industry to improve their eco-friendliness.
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Calling all bike shops to enter the Best Small Shops Competition!

24 Jul 2019

The Best Small Shops Competition provides you with the opportunity to represent the Cycle sector and celebrate local bike shops across the nation. The competition recognises the innovative... Read more…

Keeping Britain's Independent Retail Alive

17 Jul 2019

As indepedent businesses are increasingly affected by political factors and a lack of government support, the UK retail industry is becoming a crisis situation with hundreds of independent... Read more…

Search For Britain's Best Small Shop of 2019 Gets Underway

4 Jul 2019

The annual search to find Britain’s Best Small Shop, a competition managed by the Independent Retailers Confederation (IRC), begins today with a focus on consumer engagement and how... Read more…

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What business models are working well for retailers?

Posted on in Business News, Cycles News

Internet Retailing explores Amazon's, H&M's, The Range's, and N Brown Group's successful and innovative business models. online shopping

This is not to say that these models will work for everyone but as the retail market landscape evolves and moulds with the times more and more unique and innovative strategies are being introduced and holding water in the albeit flexible market space.

Amazon's focus is around Alexa and voice commerce as a primary focus within their business model. The introduction and rapid growth of popularity within the 2018 period surrounding Alexa is making Amazon more and more digitally sound. Amazon is blending the lines between services and introducing a digital side.

H&M has taken a similar direction into bringing the stores and digital closer together, watching fast online sales. H&M states that the decline of in-store sales in the UK has been more than compensated by the fast growth in online sales.

The Range is starting on a store opening programme marking its 30th anniversary year. Opening new stores around the UK this year will create hundreds of new jobs. While many multichannel retailers are reducing their high street presence for online shopping, The Range is growing their high street presence.

N Brown Group has introduced another unique business model, investing in online merchandising. N Brown Group is introducing the use of new photography technology as a means to inspire and inform customers of what they are buying.

These four unique and different retailers are all working towards the same overarching goal utilising their own strengths and customer demographics to get them there.

It is all about figuring out what works for your business and your customers.

 

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