Tag Archive for Small shops

4 ways small shops can reinvent themselves post coronavirus

Originally written by Chris Giddins on Small Business
With the Government announcing that shops will be allowed to open from June 15, small shops across the country have been thinking through what to do post coronavirus.
In the face of an incredibly tough retail environment and consumer habits still far from “normal”, reserves of ingenuity and grit will be required. As plans are put together, there are a range of key considerations that businesses must consider in order to re-open safely and successfully.
It won’t be business as usual
We know that the way businesses operate must change. With new Government regulations released on how retailers must keep their stores COVID-19 free, including strict cleaning and hygiene guidelines and advice on keeping the two-metre distance rule, the number one priority for everyone is people’s safety.
But as business owners adapt their stores and consumer shopping habits change, the way we buy will change and it won’t necessarily be for the better.
Without innovation, the experience of visiting your local store will be a tedious process of long queues to stare at products through Perspex screens. This crisis requires creative solutions from retailers to bring back the sense of community, excitement and enjoyment that the high street

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Small shop owners face challenges of low income and high overheads

Small shop owners are facing an uncertain time in 2019, with income down, overheads up and growth plans largely on hold. Just 11% of small shops expect to hire staff in 2019 (a fall of four percentage points on last year),  and investment planning is down by half, as just 15% will invest in growing
The post Small shop owners face challenges of low income and high overheads appeared first on Small Business.

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Britain set to lose its iconic small shops

AXA warns that this April’s business rate increases threaten the survival of the nation’s characterful and socially vital small shops. The company’s research suggests these local retailers are already under intense financial pressure, and offers a reminder of what our communities are set to lose. The last decade has not been kind to Britain’s small shops:
The post Britain set to lose its iconic small shops appeared first on Small Business.

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Small shops to benefit from £7.5 billion Christmas boost

Shoppers are set to spend an extra £7.5 billion in the UK’s small shops over the coming month, estimates AXA. With most shoppers saying stress is their overriding emotion during Christmas shopping, they are turning to small retailers for a more enjoyable experience. British households are set to spend an estimated £5.2 billion on presents
The post Small shops to benefit from £7.5 billion Christmas boost appeared first on Small Business.

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