Consumers are now spending more on credit cards than cash
Debit card is currently the most popular way of paying but credit cards are now the second most popular having overtaken cash for the first time ever (data according to British Retail Consortium). However, in terms of frequency, cash is still used more than credit...
No deal Brexit will hit Small Businesses and Amazon Retailers
In the event of a no deal Brexit small and medium sized firms (SME) and Amazon retailers will be especially vulnerable. CBI (Confederation of British Industry) say 40% of SMEs that trade internationally do not have any plans for Brexit. The majority of small...
Sales in department stores have risen for the first time in 2019
Data from the National Office for Statistics shows that department store sales have risen by 0.2% in July which was the first rise of the year. This took place in a month where Amazon Prime Day took place on 15 July 2019 and the city economists predicted a 0.2%...
Business Rates could be changed to help High Street retailers
Business Secretary Greg Clark said that the role played by High Streets should be recognised and adjusting business rates “will be one way of doing that”. Experts have stated that rising business rates, the rise in popularity of online shopping and increasing staff...
