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Shop occupancy rates improve despite cost-of-living crisis

30 Jan 2023

The number of shops lying vacant on British high streets fell during the final three months of 2022, despite pressure on both companies and consumers from the rising cost of living.
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Bike Europe has reported Halfords’ financial statement demonstrating that cycling sales have dropped to pre-covid levels.

18 Jan 2023

The article reports that, in 2021, Halfords saw its annual cycling sales double and stocks dry up. However, by the middle of 2022, it says, warning signs were appearing as inflation and supply... Read more…

Seaside town bucks the trend with indie retail thriving

16 Jan 2023

Weston-super-Mare seems to be one town in the UK bucking the national trend, with new shops opening and businesses reporting an increase in trade, according to a report by Bristol Live.
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Indie bookshop numbers hit 10-year high in 2022 defying tough retail climate

16 Jan 2023

The number of independent bookshops in the UK and Ireland climbed to a 10-year high in 2022, as the book trade defied the odds in an otherwise tough year for high street retailers.
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New King’s banknotes to enter circulation by mid-2024

12 Jan 2023

New banknotes featuring King Charles are to enter circulation by mid-2024. The King’s portrait will appear on four polymer banknotes (£5, £10, £20, and £50).... Read more…

Government scales back energy bill support for businesses

12 Jan 2023

The government has announced it is to scale back support for businesses and their energy bills after warning that the current level of help was too expensive.
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Sector expertise and user experience counts when it comes to retail finance

10 Jan 2023

With retail finance schemes remaining a preferable route for retailers to boost sales during recession than the financial hit required by heavy product discounting, the Association of Cycle... Read more…

Portugal becomes first EU country to cut VAT on bicycle purchases this year

10 Jan 2023

Portugal has become the first EU country to cut VAT on bicycle purchases this year, from 23% to 6%.
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One in three responds to Big Bike Revival to use bike for one in two journeys previously taken by car

9 Jan 2023

Cycling UK says that its Big Bike Revival programme, which encourages people to get unused bikes out of their garages and sheds and start using them for everyday trips, has led to a third of... Read more…

Busiest year yet for TfL’s cycle hire scheme

9 Jan 2023

Transport for London’s (TfL) cycle hire scheme saw more bikes hired during 2022 than any other year in the scheme’s history, with 11.5 million rentals across the year.
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Seaside town bucks the trend with indie retail thriving

Posted on in Business News, Cycles News

Weston-super-Mare seems to be one town in the UK bucking the national trend, with new shops opening and businesses reporting an increase in trade, according to a report by Bristol Live.

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The bike hub has seen local e-bike retailer UFO grow their well-known local business and expand into an additional space and now offers a bike hire scheme for visitors and residents. Popular Bristol based coffee business, Can’t Dance Coffee, has also expanded, bringing its coffee and baked delights to what was previously the Food Court.

Traders in The Sovereign say they have seen an increase in footfall over the past few months - some which has been attributed to the additional 500,000 visitors coming to Weston-super-Mare .

The Sovereign manager Alan Smith said the centre offered a good retail mix.
“Moving away from just mainstream retailers is essential for the continued growth of The Sovereign. Thanks to the support of the local community we can grow and bring more local retailers."
Other new businesses have sprung up in Weston High Street over the last year, including Imagination Fascination play centre, Maxxisave in the former Argos store and the Captain Kandy sweet shop on the High Street. Orchard Meadows has also welcomed some new faces including Vintage Abs clothes shop and Christopher’s Chocolates.

Although Weston does still have several empty shops, retailers said its future is looking good. Weston BID chairman and town centre trader Paul Batts said: “We have a really good selection of independent shops, especially in Grove Village and Orchard Meadows.
 
“We have also seen new, specialist and unique businesses opening in our areas and in the High Street in some of the smaller units. We are noticing post pandemic that people are more interested in supporting their local independent shops and our independent offering in Weston is getting stronger and stronger, making it a great shopping destination all year round.”

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