High Street Retail

The aviation industry is now in very serious trouble

In a sign of just how distressed the aviation industry is, British Airways has announced plans to lay off 30% of its workforce, or about 12,000 employees, and says it expects it to take several years before passenger volumes return to 2019 levels. The chief executive, Alex Cruz, wrote to…

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Brits spending more on pets than ever, research reveals

Brits are spending more on their pets than ever, according to Argos Petcare. Petcare sales at Argos soared by 70% in just five years, with sales this January up an extraordinary 19% on the same month in 2019.  Argos attributed the rise of the ‘petfluencer’ for the rise in the…

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The internet need not be the scourge of every sector – just ask the CEO of Mountain Warehouse

The last decade in business was arguably characterised by one word: disruption. While the internet behemoths had already begun building serious fortunes in the 2000s, most would agree it was after 2010 that things really started motoring. Heralded as the great democratiser of information and services, the effects of a…

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Treasury Committee urges MPs to reform ‘broken’ business rates

The government has been urged to fix the “broken” business rates system as it is continuing to affect high street retailers, a Treasury committee has said. An influential group of MPs has asked the government to examine alternatives to property tax, which puts more pressure on high street retailers than…

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UK Treasury rejects retailers’ business rates reform calls

The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level playing field with online retailers. During a meeting of parliament’s Treasury Select Committee, chancellor Philip Hammond said reforming international corporation tax was a higher priority for the government, adding that…

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Retail sales fall for fifth consecutive month

Retail sales fell for the fifth month in a row in June, data from BDO’s High Street Sales Tracker has shown. Total in-store like-for-like sales were down 1.7 percent compared with last year, when the figures rose 1.3 percent. It is also the ninth consecutive month that sales growth figures…

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Independent retailers feeling ‘optimistic’ about high street future

More than half of the nation’s independent high street retailers are optimistic about the future of their local high street – and four out of five shoppers would miss their local high street if it was no longer there. This is according to new research to launch the government-run Great…

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Vet exclusive products 95 percent more likely to be recommended, says Nutravet

A recent survey of veterinary professionals has revealed that vet exclusivity counts when it comes to recommending health products to pet owners. Nearly 95 percent of those who took part, indicated that they would recommend vet exclusive products over non-exclusive ones. The survey taken out on behalf of natural animal…

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Mother’s Day spending spree set to lift high street sales

Spending analysis from Liberis, a leading small business finance provider, has revealed that British shoppers are expected to shell out over £5bn in extra Mother’s Day spending compared to 2017. On average, Liberis predicts high street retailers’ card transactions will increase by eight percent compared to a normal weekend.  …

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UK high street sees ‘glacial growth’ in January

In the month of January, total like-for-like sales were up by 0.6% compared to 0.1% for the same month last year, according to business advisory firm BDO’s High Street Tracker report. Excluding the drop in January 2017, the growth this month for the traditional sales season was still the lowest…

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