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Increase your revenue by offering secure on-site bike parking with HUDJO

27 Jan 2022

Business booms by 30% when people cycle to the high street*. But they need somewhere to park. The HUDJO app gives cyclists easy access to a network of friendly hosts that provide secure and... Read more…

Activate Cycle Academy to open a new north-east Cytech training facility

27 Jan 2022

 Based within ZyroFisher's Head Office, one of the country's leading distributor of cycle parts, accessories and clothing, this brand new workshop is the latest addition to the expanding... Read more…

ACS publishes report providing key insights into the social and economic contributions of the rural shop sector

25 Jan 2022

The report has found there are 17,000 rural convenience stores in mainland UK, employing over 138,000 people. 79% of rural convenience stores are owned and operated by independent retailers... Read more…

Fully Charged opens up in Cornwall to bring the world's leading electric bike brands to the South West!

25 Jan 2022

Located in the geographic centre of Cornwall, Devon and South Somerset inLiskeard, Fully Charged Cornwall is ideally suited for all major-routesin the South West up to Taunton in the North... Read more…

Begin your Cytech journey now with Theory One from just 41.67

20 Jan 2022

Getting qualified to a minimum of Cytech theory one is key for every cycle trade employee, and with up to 2/3 discount it's... Read more…

Get Prepared for Making Tax Digital for VAT

17 Jan 2022

Thereis now less than three months until all VAT-registered retailers are required to submit quarterly VAT updates and annual returns via the government's Making Tax Digital (MTD) system.... Read more…

Applications for additional Apprenticeship incentives open

11 Jan 2022

Applicationsfor the Government's latest additional incentive payment of £3,000 opentoday (11 January 2022) for employers who have hired an apprentice(s) over the winter.
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Know your Scottish Polymer 50 notes - Information for Retailers

11 Jan 2022

Following an increase in counterfeit notes, the "Know your Scottish Polymer £50 notes" document assists retailers in determining whether the Polymer Scottish£50 notes they receive... Read more…

2022 Valentine's Day Toolkit

11 Jan 2022

The Greeting Card Association (GCA) have created the 2022 Valentines DayToolkit full of resources to help retailers promote Valentine's Day in their stores and online.
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Attract cyclists to your business by offering secure on-site bike parking with HUDJO

6 Jan 2022

Research shows 45% of people are unwilling to use a bike if there is no secure parking at their destination. HUDJO fixes this problem by encouragingcyclists to hop on their bike and cycle... Read more…

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"Renewed optimism" for UK high streets as demand for retail property rises

Posted on in Business News, Cycles News, Creative News, Outdoor News

Retaihigh streetl Gazette has reported that a rising demand for retail property to be used for leisure and hospitality businesses has given "renewed optimism" for some UK high streets and shopping districts, according to industry experts.

The pressure from lockdown measures saw vacancy rates across shopping destinations hit record highs in the second quarter of 2021, with just over 14% of high street store locations remaining empty during the quarter.

Shopping centres fared even worse, with vacancy levels sitting just under 20%.

Vacancy rates began to level out in the third quarter however, following a surge in interest from firms outside of traditional retail.

The collapse of major brands such as Debenhams and Topshop owner Arcadia at the end of 2020 saw the number of empty sites soar, placing increasing pressure on landlords.

As a result, many property owners have become more flexible and are offering stronger rates in order to attract new brands and businesses.

Chief executive of Retail Economics, Richard Lim, told PA news that potential tenants are "getting the best terms they will have seen for many years".

"You can't help but see renewed optimism when strong retailers are getting plenty of opportunities and landlords are working really hard to ensure their proposition is really relevant," he said.

"There has been a shift in power away from landlords somewhat back towards the retailers and hospitality."

Hugh Knowles, managing director of indoor mini-golf operator Puttshack UK, said the "increased availability" of larger units in attractive locations has also helped the growth of the leisure sector.

"Finding ‘large box' space traditionally hasn't been easy in prior years," he said. "But the increased availability more recently has amplified innovation and as a result we've seen an increase in social entertainment business.

"Customers' expectations will naturally rise, so it's great that retail and leisure can share spaces in well thought out, designed schemes."

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