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Budleigh traders launch campaign to attract more shoppers.

9 Oct 2023

A group of independent traders in Budleigh Salterton have started a campaign to attract more shoppers.
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Tech could drive more business for indie retailers this Christmas

9 Oct 2023

New research from Square and Clearpay indicates consumer confidence is rising, with 72% of consumers planning to spend more or the same this coming holiday season compared to last year,... Read more…

Full line-up announced for 2023 Bookshop Day this Saturday.

9 Oct 2023

Miriam Margolyes, Richard Armitage and Tomi Oyemakinde will be among the authors headlining events at this year’s Bookshop Day taking place this Saturday 14th October.
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Shop owners demand new offence for attacks on retail workers

4 Oct 2023

Shop owners have called on the Home Secretary to specifically outlaw attacks on retail workers.
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Are you up to speed with new ban on single-use plastics?

4 Oct 2023

From the start of October, bans and restrictions on single-use plastic cutlery, polystyrene cups and food containers, single-use balloon sticks and certain types of polystyrene cups and... Read more…

Cash still crucial for UK’s independent retailers

27 Sep 2023

A recent survey of retailers across the UK has shown that cash remains a crucial payment method for independent shops.
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Almost 2,000 more independent shops left empty in the first half of this year

27 Sep 2023

Almost 2,000 more British independent shops were left empty in the first half of this year, as small businesses struggled to cope with rising inflation and the cost-of-living crisis.
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Indie shops in Liverpool create their own security network to combat shoplifters.

27 Sep 2023

An independent shop owner in Liverpool has said that independent shops in the city centre have taken to creating their own security WhatsApp group, warning each other of shoplifters in the... Read more…

Indie shops key to reversing fortunes of struggling high streets – university study finds.

27 Sep 2023

A focus on independent and ‘browse-only’ shops can help to reverse the fortunes of the struggling high street, according to an extensive study by Manchester Metropolitan University.
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Trade association welcomes Home Office ‘back-to-basics’ retail crime promise

13 Sep 2023

The recent pledge by police forces across England and Wales to pursue every lead that holds a reasonable chance of apprehending criminals and solving crimes has been welcomed by Bira, which... Read more…

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Christmas spending on the high street expected to fall for first time since 2012

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

According to a report published by Visa this week, Christmas spending across the UK is expected to fall for the first time since 2012.

Visa report that in a challenging economic environment, in which real wages are falling and economic growth is slow, we are likely to experience a 0.1% fall in consumer spending this Christmas.

street shopsIn comparison, last year spending increased by 2.8% over the Christmas period.

"While it still looks likely that consumers will be hitting stores and websites in search of bargains this Black Friday and Cyber Monday, we expect spending for the duration of the festive season to be lower in comparison to last year," said Mark Antipof, chief commercial officer at Visa.

"Looking back, consumers were in a sweet spot in 2016 - low inflation and rising wages meant there was a little extra in household budgets to spend on the festive period," he said.

"2017 has seen a reversal of fortunes - with inflation outpacing wage growth and the recent interest rate rise leaving shoppers with less money in their pockets."

The research suggests that it is high street spending that will be particularly hard hit, falling by 2.1 per cent compared to equivalent figures for last year - the biggest drop since 2012.

Online spending, however, is expected to rise by 3.6 per cent over this Christmas period accounting for a record share of Christmas spending. Of every £5 spent during the period, almost £2 will likely be spent online predicts Visa.

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