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94% independent retailers urge government to ‘preserve UK high streets’

10 Nov 2022

A new report by Ankorstore and retail consultant Mary Portas has found that 94% of independent retailers want the government to act in next week’s budget to preserve the UK’s high... Read more…

Celebrate independent shops, artists, makers & small businesses with JUST A CARD - INDIE WEEK 21-25 November 2022 The colourful, independent alternative to Black Friday!

10 Nov 2022

Now in its sixth year, JUST A CARD - INDIE WEEK encourages people to support, value and buy from independents during the crucial Christmas retail period. Many independent businesses are finding... Read more…

bira offers guidance on energy bill relief scheme

9 Nov 2022

bira has been offering guidance to retailers on how to take advantage of the Government’s energy bill relief scheme.
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Indie retailers – get ready to capitalise on World Cup opportunity

8 Nov 2022

The world’s largest brewer, Budweiser Brewing Group, has suggested that the World Cup, which kicks off in Qatar on November 20th, could see a possible 13.5% increase in off-trade sales,... Read more…

Black Friday consumer spending forecast to drop 50% this year

7 Nov 2022

Figures from research conducted by global marketing agency Wunderman Thompson Commerce suggested consumers are set to spend up to 50% less than usual this Black Friday, November 25th.
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Cycling Industry News launches annual Market Study

3 Nov 2022

Cycling Industry News’ sixth annual Market Study has today gone live with independent retailers, workshops and mobile mechanics invited to take part by clicking here.
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More cycle routes would be good for drivers, says AA President

1 Nov 2022

AA President Edmund King has told the Daily Telegraph that more cycle routes would be good for drivers, as encouraging motorists to take fewer journeys by car could cut household fuel... Read more…

Government urged to protect £4 billion worth of active travel investment

31 Oct 2022

Sustrans has announced that it has joined together with other organisations representing active travel, motoring, road safety, the environment and business leaders to urge the UK government to... Read more…

Cautious welcome from business leaders for new PM Sunak

26 Oct 2022

As the economic clouds darken, business leaders have tentatively welcomed the arrival of Rishi Sunak as the country’s new prime minister.
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Cytech training Scotland Kick-Off on the 27th October at Bike For Good Glasgow in the West End Hub

25 Oct 2022

Glasgow, Scotland - Bike for Good is proud to bring the internationally recognised training and accreditation scheme for bicycle technicians to Scotland for the first time. The first Cytech... Read more…

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Indie retailers doubt Liz Truss will help the high street

Posted on in Business News, Cycles News

New research from Ankorstore, an online B2B platform that connects brands and shops in Europe, has shown that independent retailers are relying on the support of local shoppers, rather than the government, to keep them afloat.

The research featured 4,000 respondents made up of 2,000 nationally representative UK consumers and 2,000 UK SME business owners in retail.

Liz Truss

Whilst 69% of the latter felt optimistic that consumers would continue to support their shop, despite the cost-of-living crisis, fewer have faith that the government will positively support independent retailers and high streets (44%).

Gen Z independent retail owners are the most optimistic and hopeful that the new Prime Minister will have a positive impact when it comes to supporting local high streets and independent retailers, with 61% believing the new leader will have a positive impact.

This steadily decreases with age: 52% of 35-44s, 25% of 45-54s and just 17% of over 55s believe the same.

85% of independent retailers are also calling on the government to cut business rates to preserve British high streets, with that figure rising to 90% for those who only have physical stores.

86% of UK consumers have already noticed an increase in the number of empty shops on their local high streets, and three quarters agree that the government should provide more support for independent retailers and shops.

Tarun Gidoomal, UK General Manager at Ankorstore, comments: “Our research confirms the harsh reality that the majority of small businesses do not predict that they will survive the extraordinary pressures that they are currently facing.”

“As a business that champions and supports independent retailers all over Europe, we hope this research serves as a wakeup call to the UK government. Inaction is simply not an option at such a pivotal time for independents.”

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