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Budget leaves retail sector disappointed with support offered by the Chancellor

16 Mar 2023

Industry experts and trade associations in the retail sector have been expressing their disappointment at the support offered to retailers in the Chancellor’s Budget.
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UK home entertainment market enjoys its tenth consecutive year of growth.

15 Mar 2023

The UK home entertainment market enjoyed its tenth consecutive year of growth in 2022 to reach a record, according to figures published by the Entertainment Retailers Association.
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Retailers face up to £1m fines for underage knife sales under new sentencing guidelines

14 Mar 2023

Retailers caught selling knives to children in England and Wales could face a £1m fine when new sentencing guidelines come into effect on 1 April.
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80% of British public want card payment fees slashed as the cost-of-living crisis hits businesses

14 Mar 2023

New data shows that a majority of the UK public oppose the rising and unregulated costs British businesses face for simply accepting payments. With the cost of doing business at record levels,... Read more…

How independents can become more sustainable

13 Mar 2023

From saving energy and lighting costs, to using biodegradable packaging and prolonging a product’s lifespan, Drapers Magazine has been looking at how independent retailers can improve... Read more…

Over 160,000 SMEs without mandatory employers’ liability insurance risk fines and prosecution

3 Mar 2023

More than 160,000 small businesses in the UK with between one and nine employees will not have employer’s liability insurance by the end of the year, according to new research from Smart... Read more…

Bakers showing resilience despite cost pressures

3 Mar 2023

Britain’s bakers are showing great resilience despite continued cost and operational pressures, according to industry groups.
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New research shows local high streets & shopping centres more resilient than major shopping hubs in cost-of-living crisis

3 Mar 2023

New data from commercial property specialist Colliers shows that in the face of the UK’s cost of living crisis, minor retail destinations such as local high streets and shopping centres... Read more…

Value of contactless payments grew 50% last year.

27 Feb 2023

Barclays, which oversees nearly half of the UK’s card spending, has reported that the total value of contactless payments made using Barclays cards in the UK increased by 49.7% year on... Read more…

UK bike sales hit 20-year low but long-term outlook remains positive

22 Feb 2023

The Annual Market Data Report for 2022 from The Bicycle Association (BA) reports annual cycle sales in the UK fell to 1.88 million units in 2022, a 20-year low, 27% below pre-COVID levels in... Read more…

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How independents can become more sustainable

Posted on in Business News, Cycles News

From saving energy and lighting costs, to using biodegradable packaging and prolonging a product’s lifespan, Drapers Magazine has been looking at how independent retailers can improve their sustainability practices.

sustainability logo

You can read the full article here but key points made in the piece include:

Independent retailers can aim to meet their sustainability targets by fitting their stores in the most low-impact materials available. From lighting to the materials used for furniture and shelving, the interior elements used can add to a business’s sustainability credentials.

Retailers should opt for LED (light-emitting diode) lighting to limit their energy usage. LED lights use less energy and last for up to 14 years. LEDs also require less energy to produce the same amount of brightness as incandescent bulbs, reducing running costs by up to 90%.

The article also points to how independent retailers have taken further practical steps to save energy against rising costs, mentioning Padstow-based clothing and accessories independent Aloft in Cornwall, which is conserving energy by keeping doors closed to conserve heating during the day and turning the lights off when the store is closed overnight.

Independent retailers are also advised to explore the use of recyclable or reusable packaging for both in store and online sales.

Independents, it says, can take the lead of womenswear retailer Black White Denim in Wilmslow, Cheshire, which has started its own rental service. It introduced the option to rent occasion wear dresses and tops in 2020. Its current rental selection offers London-based womenswear brand Self-Portrait. Consumers can rent products for four days at a cost of 16%-25% of the retail price, equivalent to £50-£60 to rent for four days, plus an additional refundable deposit of 20% of the retail price. The womenswear boutique handles the entire process, from delivery and shipping returns to cleaning.

Rental allows retailers to maximise the utilisation of their stock, providing them with a “secondary income.

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