Tag Archives: retail

Small retailers urged to apply for this year’s Small Awards

Small firms are being urged not to miss the deadline for this year’s Small Awards, a nationwide search for the smallest and greatest firms in the UK, across all sectors. Launched in 2017 by Small Business Britain, the annual awards have 11 categories ranging from longstanding family businesses and innovation-led …

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What to do next when shutting up shop

As a third national lockdown continues, the Association of Cycle Traders (ACT) is offering guidance to IBDs throughout the country. ACT PR and marketing executive Tabitha Walker outlines some of the help available to bike shops On 4th January, the Prime Minister took the necessary step of enforcing yet another …

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Shop vacancy rate rises to 13.7% in Q4

The overall GB vacancy rate increased to 13.7% in Q4 of 2020, from 13.2% in Q3, according to data the British Retail Consortium (BRC). It was 1.6 percentage points higher than the same point in 2019. This was the tenth consecutive quarter of increasing vacancy rates, from Q2 2018. All …

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Embracing digital, diversifying products and accessing finance helping small firms during COVID-19

Embracing digital, diversifying products and services and accessing emergency finance were found to be the top ways small firms have survived the COVID-19 crisis so far, according to a new report from Small Business Britain. The report’s research, supported by TSB, found that over a third (37%) of small businesses …

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How Howards Cycles has fared in a year like no other

It’s fair to say that none of us saw this one coming, and for many businesses, it’s been the most challenging of times. However, the bicycle industry has fared better than most. Ray Howard from Howards Cycles shares his thoughts on how it’s been for his bike shop looking back over the last year

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Retail finance plays key role in strong sales for bike retailers

The Association of Cycle Traders (ACT) has reported an increase in both new and returning customers in December 2020 among IBDs, in comparison to 2019. The survey was part of an IRC initiative, where retail feedback is collected by a number of trade organisations for Government lobbying to the benefit …

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2020 hits record low for retail sales growth

COVID-19 has led to 2020 being the “worst year on record” for retail sales growth, the British Retail Consortium (BRC) has said. Total sales fell by 0.3% for 2020, compared with 2019. Sales increased by 1.8% in December, on a total basis, against a growth of 0.2% in December 2019. …

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Halfords sees cycling growth of 35% with continued strength in e-mobility

Halfords has reported cycling LFL growth of 35.4% in its Q3 trading update, covering the 13 weeks to 1st January 2021. This was driven by continued strength in adult mechanical, e-bikes and e-scooters, despite global container shortages and port congestion impacting availability. The retailer’s performance cycling business Tredz continued to …

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