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Local crafters band together to sell handmade goods in new shop

17 Sep 2024

A group of crafters have banded together to open a new store in Wickham, Hampshire selling their own handmade goods.
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New data - pharmacies, pubs and banks made up half of the closures on Britain's High Streets in the first six months of 2024.

17 Sep 2024

New data has revealed that a total of 6,945 stores have closed so far in 2024 - the equivalent of 38 shops per day, although if you balance this with new store openings, there's only a net... Read more…

Town becomes hotspot for Taylor Swift fans with themed cafe and shop.

17 Sep 2024

Nestled in the Anglesey community of Beaumaris, a shop and café have built their business around all things Taylor Swift, and fans seem to love it. The Mock Turtle in Beaumaris,... Read more…

Investment in convenience sector hits record high of £1bn

17 Sep 2024

Over the last year, convenience retailers have spent a combined £1bn (up from £646m in the previous 12 months) refitting their stores, installing new energy efficient refrigeration... Read more…

Bira responds cautiously to encouraging trends in KPMG Retail Sales Monitor report.

3 Sep 2024

The British Independent Retailers Association (Bira) has responded to the BRC-KPMG Retail Sales Monitor for August 2024. The report, which can be downloaded here, has highlighted:
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Pet Shop owner nominated for award for food bank donations

2 Sep 2024

Rebecca Harrington, owner of Purdy's pet shop in Coventry, has been nominated in the animal category at BBC CWR's Make a Difference awards for providing pet food parcels to food banks
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Standardised witness statement developed for retailers submitting CCTV evidence to the polic

2 Sep 2024

The National Business Crime Centre (NBCC), in collaboration with the Crown Prosecution Service (CPS) and police forces, has developed a standardised witness statement for retailers submitting... Read more…

Sheffield’s new independent retail hub opens to the public

2 Sep 2024

A redeveloped Grade II* Listed hub in Sheffield has opened its doors to the public for the first time, providing a contemporary city centre hub for some of the city’s finest... Read more…

Government urged to protect independent retailers as part of living wage increases

2 Sep 2024

The national president of the Federation of Independent Retailers has written to the new secretary of state for business and trade, Jonathan Reynolds, to highlight the impact of higher wages on... Read more…

Barbers to test blood pressure to fight inequality

2 Sep 2024

Two barber shops in south London are offering customers free blood pressure tests to tackle undiagnosed health issues amongst black and Asian men.
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National and local governments called on to invest in the repair of the retail sector after recent riots.

Posted on in Business News

The recent wave of civil unrest in the has dealt a severe blow to the UK retail sector, with high-street stalwarts and independent stores alike bearing the brunt of the violence.

smashed glass

Domestic high-profile names such as Sainsbury’s, Greggs, and Iceland found themselves in the crosshairs of rioters, suffering significant property damage and stock losses, Bloomberg reported.

Beyond the immediate financial impact, the riots have created a climate of fear and uncertainty for retail workers in the country.

Reports of looting and vandalism have left staff deeply concerned for their safety, with many hesitant to report for work, the Telegraph reported.

The psychological toll on employees cannot be overstated, and it is likely to have long-lasting consequences for staff morale and retention.

Retail Insight reported that the broader implications for the retail industry could be equally troubling.

“As shoppers opt to stay indoors, retailers are facing a double whammy: declining sales and increased costs associated with security and repairs.

This perfect storm of challenges is putting immense pressure on businesses already struggling with rising costs and economic uncertainty.”

The damage to the retail landscape extends beyond individual stores.

International retailers may be deterred from entering the market or expanding their operations in the face of such civil unrest.

This could have a ripple effect on the economy, with job losses and reduced tax revenue.

As the dust settles, the retail industry is facing the daunting task of rebuilding and recovery.

The national UK government and local authorities are being called on to work closely with retailers to provide support and resources to help them recover from these losses.

Additionally, there is an urgent need to address the underlying social and economic factors that contributed to the riots to prevent similar incidents from occurring in the future.

The full extent of the damage to the retail sector will not be known for some time. However, it seems clear that the riots may have inflicted a significant and lasting wound on an industry already facing headwinds.

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