Retailers

Jan- 2018 -

17 January

Inflation drops for the first time in 6 months

The inflation rate saw a slight dip in December, falling to 3%, according to figures released by the Office of National Statistics (ONS). The level of inflation, according to Consumer Price Index (CPI), was less than November’s rate of 3.1%, which was at its highest for six years. The high…

15 January

High street sees sharpest footfall decline in four years

New figures from the British Retail Consortium (BRC) and Springboard show footfall in the month of December suffered its sharpest decline since March 2013. Total UK retail footfall fell by 3.5% compared with December 2016, while the high street saw a sharper drop, down by 4.6%. Shopping centres suffered a…

12 January

Shoppers make 80% of retail purchases online

Online shoppers in the UK make 80% of their retail purchases online, up from 74%, according to a new report. The Royal Mail’s ‘Delivery Matters’ report found that the proportion of money being spent online has increased year on year. The average online shopper spends £40 each month on clothes…

10 January

Plastic bag charge set to affect all retailers

The 5p plastic bag charge could be applied to all retailers as part of new government plans to protect the environment. Prime Minister Theresa May is set to announce the 25-year environment plan on Thursday 11 to tackle “throw-away culture”. Currently, large businesses which have 250 or more employees are…

10 January

Two dogs die during PetSmart grooming session

A PetSmart centre in New Jersey is being investigated after two dogs died and a third was injured when they were dropped off for grooming appointments during an eight-day period. The three dogs had been taken to the Flemington pet store between 22 and 29 December 2017. Danielle DiNapoli told…

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…