Archive for the ‘News’ Category
Tuesday, November 4th, 2008
ASDA initiative increases sales of reusable bags by 1200 %
ASDA has announced the roll out of a successful trial to remove single use carrier bags from checkouts across its 355 stores. This initiative could help retailers across the country reduce the environmental impact of plastic bags by 25% by the end of this year.
Many of Marjo’s wholesale jewellery customers in jewellery, and gift retailing businesses could consider the reusable bags as a way of not only saving the environment, but also as a good source of marketing. Consumers purchasing a re-usable bag will surely use it for longer periods of time, and in a best case scenario be seen by friends, family, and work colleagues. Giving the opportunity for them to discuss your store and products.
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Tags: Advice, News
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Tuesday, November 4th, 2008
Iconic retailer Ikea avoids paying the highest wages in the industry instead preferring to attract people who are more motivated by working for a company with a strong identity and culture.
Speaking at the recent BRC Annual Conference in London Anders Dahlvig, chief executive of Ikea, suggested: “Paying the highest as a strategy is a dangerous path to go on as you only get people who are motivated by money and they will leave when they get a better offer.”
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Tags: News, Staff
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Tuesday, November 4th, 2008
Major landlords are preparing plans to allow smaller retailers to pay rent on a monthly basis. It is understood that smaller retail and independent businesses with only a handful of shops will be able to pay their rents monthly, rather than having to pay a large chunk on a quarterly basis.
Landlords including Land Securities and Hammerson are understood to be among landlords working on proposals, following talks with larger retail groups, led by Arcadia owner Sir Philip Green.
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Tags: News
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Thursday, October 2nd, 2008
The National Minimum Wage increase of 21 pence per hour has disappointed retailers who had hoped for an increase in line with inflation, according to the British Retail Consortium. NMW rose from £5.52 in March to £5.73, but the BRC says it had called for this year’s rise to be no more than the rate of inflation.
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Tags: Retail Market
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Tuesday, September 30th, 2008
The RTT agrees that the City focuses very heavily on like-for-like sales growth figures as a barometer of the success of retailers.
Tim Denison of SPSL summed this up when he said: “The City should be encouraging retailers to increase margins, not sales at any cost. Retailing is a business like every other. Unfortunately it’s far too easy to be fixated on sales figures.”
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Tags: Banking, Discounting, Retail Market
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