Retailers news and archive

Inside independent retail: What it takes to run a fashion store

There are various types of fashion stores. We use the term retailers to broadly refer to all those who sell clothing to consumers. Retailers include chains such as Scotch & Soda, H&M and Zara, as well as department stores such as John Lewis, Harvey Nichols and Selfridges. However, the term retailers also refers to independent retailers -...

Business

Retailers added back over 250,000 jobs

In a small glimmer of hope for the U.S. economy, retailers have added back over 250,000 jobs last month compared with June to employ over 14 million people. The news was reported by WWD. While this indicates signs of improvement, this is still down 913,000 jobs from February. The total economy has added 1.8 million jobs, and unemploy is down...

RetailFeatured

How retailers can make the most of their physical stores

We’ve all seen it, department stores in refurbishment mode, with entire floors boarded up, sectioned off and hidden from view, while it undergoes a never-ending re-lift or re-format to help it boost sales. Often these refurbishments take many months or even years to complete, without the guarantee that once its new design is unveiled that said...

Business

Increase in UK minimum wage to cost private-sector employers over 1 billion pounds

The new National living wage introduced by Chancellor George Osborne is set to cost private sector employers over 1 billion pounds annually, warns watchdog the Regulatory Policy Committee (RPC). According to the RPC, an independent public body and government adviser, the new policy is set to affect 1.7 million employees and cost business 804.4...

Retail

Wal-Mart eyes drone home deliveries

Wal-Mart is actively looking at the possibility of using drones to make deliveries to US customers, a spokesman said Monday, following the lead of Amazon and other retailers. The retail behemoth has been testing the technology indoors "for several months" and on Monday made a request to US aviation authorities to do likewise outside. In addition...

RetailFeatured

Retailers face 25.6 million pounds in extra costs for living wage

Large retailers could see their wage bills increase, on average, by 25.6 million pounds by 2020 as a result of the Government’s national living wage (NLW), according to a new report by PwC. PwC polled 135 businesses with an average of 11,000 employees and found that firms will be expected to pay an extra 1.6 million pounds on average each in...

Retail|STUDY Featured

Retailers struggle to balance the risks and benefits of mobile commerce

More and more retailers across the globe are tapping into the opportunities of mobile commerce - but the majority of them have yet to fully understand and counteract the fraud risks than come with m-commerce, according to a new study, 'Mobile Payments and Fraud: 2015 Report.' Commissioned by Kount, The Fraud Practice and CardnotPresent.com,...

Fashion

Retailers to spend 200 billion dollars on digital marketing this year

Consumers around the globe are turning to their mobile phones or tablets for their online shopping fix as brands and retailers alike spend record amounts on digital marketing. According to new research from marketing consultancy firm Juniper Research, global brands are set to spend 200 billion dollars this year on digital marketing actives, a 15...

RetailFeatured

Retailers to see increase in Christmas footfall

The UK high street and retailers can expect an 8 percent increase in footfall this Christmas, as shoppers are encouraged to spend more in store with new click and collect options. According to research by Springboard, retail parks will benefit the most over the Holiday season due to ease of parking and the accessibility of out of town locations....

Fashion Featured

Retailers to adapt to fulfil consumers Christmas needs

Christmas 2014 is gearing up to become a “lucky dip” for UK retailers, as they prepare to fight against uncertain consumer spending, promotion fatigue, multi-channel fulfilment and weather issues. According to a new report from retail analysts Conlumino and SAS, entitled “Christmas 2014 Adapting to Evolving Consumer Shopping Habits,” there is a...

Fashion

UK consumers increasingly turn to debit cards to make purchases

UK customers are “using less cash than ever” as the convenience of shopping and paying by debit and credit card continues to increase. Both the amounts of cash transactions and the average amount spent using cash has declined over the past five years, according to the latest data published todayby the British Retail Consortium (BRC). “Customers...

Fashion

New proposed capital allowance tax for retailers

Retailers need to take note of new proposed tax changes which could mean significant shifts within the retail sector. Following the recent publication of a consultation document on capital allowances, Her Majesty’s Revenue and Customs (HMRC) has recently proposed changes to capital allowances rules which would affect the way tax relief can be...