Retailers
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Jul- 2018 -19 July
‘Phantom hours’ costing UK businesses £37m a week
A survey of shift workers in the retail, hospitality and leisure industries has found staff to be overstating their working hours by an average of almost half an hour a week. Staff rota scheduling firm Rotaready, which conducted the survey, said these ‘phantom hours’ are costing UK businesses as much…
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16 July
Footfall dips for seventh consecutive month
Retail footfall dipped for a seventh consecutive month in June, despite the boost in spending brought on by the World Cup. BRC’s Footfall Springboard and Vacancies Monitor reported that year-on-year footfall for the month dropped by 0.9% The high street was the only area that delivered footfall growth, albeit marginally,…
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13 July
Bumper June footfall sees record increase of 11.4%
UK retailers benefited from record month-on-month growth in footfall for June, with a 11.4% increase in high street traffic compared with May. Compared with the same period last year, footfall was 7.8% lower, but June did deliver a reduction in the year-on-year deficit for the fourth successive month, data from…
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12 July
Long queues ‘costing retailers £12bn’
Long queues have been named the biggest turn-off for UK shoppers and could be costing retailers up to £12bn a year in potential sales losses. According to research released by payments platform Adyen, paired with 451 Research’s ‘Global Unified Commerce Forecast’, British retailers are struggling to keep up with increasing…
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10 July
SVP Jewellery to be represented by Middleton Green
Ethical jewellery brand SVP Jewellery has named Middleton Green fashion agency to handle its wholesale accounts. SVP Jewellery, founded by owner and designer Sarah Parham in 2015, is the only jewellery brand that has signed with Middleton Green. The agency, established by Vanessa Green and Julie Middleton in 2010, will…
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9 July
200,000 companies sued over business rates
Over 200,000 businesses were taken to a Magistrates court for failing to pay for businesses rates under the first year of the new business rates revaluation, an investigation has revealed. Real estate advisor Altus Group collated information procured under the Freedom of Information Act (FOI) from all councils in England.…
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5 July
Retailers win court battle against Mastercard and Visa
The Court of Appeals has ruled in favour of four UK retailers who claimed that card fees charged by Mastercard and Visa when customers make a transaction were too high. Judge Terence Etherton agreed with Asda, Sainsbury’s, Morrisons and Argos and found that the card merchants’ system was an “unlawful…
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4 July
BRC calls for two-year freeze on business rates
The British Retail Consortium (BRC) has asked the government to consider freezing business rates for two years to ease the pressure on retailers. By proposing a two-year freeze on increases, the BRC said it would give time for the government and industry to develop a proposal for an updated taxation…
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Jun- 2018 -29 June
Breitling opens first flagship boutique in Asia
Swiss luxury watchmaker Breitling has opened its first flagship boutique in Asia, in WF Central retail centre Beijing. Breitling CEO Georges Kern was on hand for the ceremony along with Jacques Bothelin, Captain of the Breitling Jet Team, renowned Chinese actor Lei Jiayin, and renowned Chinese actress and singer Han…
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27 June
Independent jewellers to benefit from new small business funding scheme
Small business minister Andrew Griffiths has unveiled a new £8m fund to boost the productivity and performance of small businesses in the UK. The ‘Business Basics Fund’ will help charities, trade organisations and public sector organisations support small businesses in adopting ‘tried and tested’ technologies and management techniques. Research from…
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