Retailers

Jan- 2018 -

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…

16 October

Retail footfall drops in September

UK retail footfall dropped in September, with weekly average traffic 6.9 percent lower than in August. The month also rounded off Q3, in which footfall fell by 4.1 percent compared to 2016 – this was following a revival in Q2 when the deficit stood at only 1.0 percent. Ipsos Retail Performance,…

11 October

KKR sells £119m in Pets at Home shares

On Tuesday, global investment firm Kohlberg Kravis Roberts & Co (KKR) sold 61m shares in Pets at Home. The shares were worth £119m in total, reported The Financial Times. The amount represented just under half of KKR’s stake in the business. Pets at Home closed for the day having dropped 7.7…