Since the recession started back in 2008, a number of retailers have gone out of business leaving a large proportion of UK high streets with empty shop fronts. One of the main reasons retailers struggled during the recession was because people started spending less money as the cost of living increased and wages remained stagnant, however this isn’t the only reason. All retailers based in the UK have to cover the costs of outgoings including rent on their premises, shop insurance and business rates, which is why they have called on the government to abolish the latter. Continue reading “Retailers push for changes to Business Rates”
Tag: sales
4 Lessons Shop Owners can learn from the Post-Christmas Sales
Just a few weeks ago we posted a news story discussing how a number of shopping centres were seeing an increase in visitors during the Christmas period compared to the previous year. After a substantial period of austerity due to the recession the economy is finally recovering, leading to people spending more over the festive season. However, many did not expect the sheer amount of people who chose to visit retailers for the post-Christmas sales, which means there are a number of lessons shop owners can learn: Continue reading “4 Lessons Shop Owners can learn from the Post-Christmas Sales”