Retailers

Jan- 2018 -

9 January

Retail administrations increase in five-year-first

The number of retailers entering administration increased from 92 in 2016 to 118 in 2017, an increase of 28 percent, according to new analysis from Deloitte. This is the first increase in the last five years, as those administrations with more than ten stores rose from 11 in 2016…

9 January

UK retail sales show marginal growth over Christmas

UK retail sales showed less growth over Christmas than they did last year, according to figures from the British Retail Consortium (BRC). Retail sales increased by 0.6% on a like-for-like basis from December 2016, which was a decline compared to an increase of 1.0% from the preceding year. Over the…

9 January

Masked robbers target Nottinghamshire pet store

The Kennelgate Pet Superstore in Nottinghamshire was targeted by three masked robbers on 4 January. The incident happened at around 7.30pm and two members of staff were forced into an office and ordered to open a safe by the men. A customer who walked in during the robbery was also…

Dec- 2017 -

19 December

90% of retailers to ‘struggle’ with upcoming accounting rules

Britain’s retailers look set to emerge as the most exposed to new lease commitments, according to analysis by Aptitude Software, a global financial software specialist. The firm predicts that 90% of UK high street retailers will struggle to comply with the impending lease accounting standards (IFRS 16) which come into…

Nov- 2017 -

24 November

‘Animal sentience will be recognised’, promises Gove

Michael Gove has confirmed that the sentience of animals will continue to be recognised and protected when we leave the EU. The environment secretary released a statement following a viral campaign which stated Conservative MPs had voted that animals didn’t have the ability to feel or show emotion. Gove issued a…

Oct- 2017 -

23 October

Shops with litter outside are ‘poor quality’, claim customers

Over half of customers felt that litter outside a shop made it feel of ‘poorer quality’, according to Vapour.com. The ‘sea of litter’ in England is costing taxpayers £1 billion per year, according to environmental organisation Keep Britain Tidy. The independent charity also revealed in a survey that 62 percent…

23 October

Independent High Street retailers boom while national chains fall

Data released recently by The Local Data Company (LDC) and British Independent Retailers Association (bira) shows that traditional independent shops opened significantly more shops than in the same period last year. National chains continued to see a fall. Independents account for 65 percent of all retail and leisure units in Great Britain.…

19 October

UK retail sales growth slows more than expected

UK retail sales growth slowed more than predicted in the month of September, according to the Office of National Statistics (ONS). The figures showed that total sales fell by 0.8 percent when compared with August, making it much lower than the 0.1% drop that was expected. Year-on-year retail growth for Q3…

17 October

Legal & General acquires Buddies Enterprises Limited

Legal & General Insurance Limited has announced the acquisition of 100 percent of Buddies Enterprises Limited. The UK pet insurance sector now accounts for £1bn of gross written premiums and has grown at a compound annual rate of nine percent over the last five years. However, more than half the pet…

16 October

California bans pet shops from selling non-rescue dogs, cats and rabbits

California has become the first US state to ban the sale of dogs, cats and rabbits in pet stores, unless retailers work with animal shelters or rescue groups. Gov. Jerry Brown signed Assembly Bill 485 on October 13th, reported The Orange County Register. It will come into effect in January 2019 and…