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Funding to support the high street

15 Apr 2019

Government funding is in place to support the high streets
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Making Tax Digital for VAT Business Webinars

12 Apr 2019

A further two webinars are taking place in April to provide businesses with the support needed to transition into the new Making Tax Digital scheme
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1/3 of traffic in fashion retail comes from mobile search

8 Apr 2019

A third of traffic and orders for large online fashion retail brands comes from mobile search and social. What can indie retail learn from this?
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Technology may hold the key

8 Apr 2019

Technology may be the key to competing with the larger brands, like Amazon
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Stationery Show London 2019

8 Apr 2019

Get ready for this year's Stationery Show London
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Changes to Wage Rates, Tax Rules and Business Rates

8 Apr 2019

Changes to wage rates, tax rules and business rates from the 1st of April
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Bring your craft store to life

5 Apr 2019

Visual merchandising tips to bring your craft store to life
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South Downs Bikes, back for another Local Bike Shop Day!

28 Mar 2019

South Downs Bikes has been around for 14 years and is now a renowned indie bicycle company with two shops in Storrington and Worthing
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Crime Report 2019

28 Mar 2019

ACS' Crime Report 2019 brought together responses from 7,000 stores
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Choosing a finance provider, avoid the pitfalls #2

26 Mar 2019

Following an increase of incoming calls querying finance providers in the cycles market, the ACT are publishing a mini-series to answer the trade's questions.
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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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