£3.2 billion worth of goods are stolen through self-service checkouts every year with the average Briton stealing £23 worth of items a month. According to a study conducted by VoucherCodesPro.co.uk, the average Briton is now stealing £5 per month more than they did in 2014, when the total amount of items stolen was £1.3 billion. Twenty-three per cent of respondents admitted to having stolen from the self-service checkout in the past and 46 per cent claimed to do so on a regular basis.
Retail sales in October have beaten expectations according to the Office for National Statistics (ONS) as UK consumer “proved surprisingly resilient.” The quantity bought last month compared with the same period last year dropped 0.3 per cent marking the first annual drop since 2013, but coming comfortably above the 0.6 per cent decline that was predicted. Compared to September, October still saw growth of 0.3 per cent and on a three-month basis sales volumes rose 1.1 per cent year-on-year. Meanwhile sales values rose 2.8 per cent last month
JD Outdoors has launched a charity campaign in aid of Children In Need with stars including Louise Redknapp and Rebecca Adlington pledging their support.
A government-backed programme spearheaded by Mary Portas has failed to stop the decline of high streets in 12 UK towns. According to The Telegraph, the towns which received a portion of the £1.2 million grant in 2012 have lost nearly 1000 shops. The closures were in line with the rest of the country, according to the Local Data Company, seeing around one in five stores close their shutters
The Chancellor is reportedly eyeing the possibility of bringing some relief to business rates by next April. According to The Sunday Times , Philip Hammond has indicated he is prepared to listen to the concerns of business groups and a change may be in the upcoming Budget
The British Retail Consortium has said today’s interest rates rise means Chancellor Philip Hammond’s upcoming Budget needed to be one that delivered for shoppers. Earlier today, the Bank of England voted to raise interest rates for the first time in 10 years from 0.25 per cent to 0.5 per cent.
Buying food bearing a “reduced” label no longer comes with stigma attached to it, as a study reveals more and more shoppers take pride in bagging a bargain.
Halloween sales growth is expected to slow to 1.7 per cent this year despite an increase in new retailers entering the seasonal market.
Consumer confidence in October has remained positive despite reports of sharply declining retail sales.
Director of labour market enforcement Sir David Metcalf has called on the government to embargo UK factories which fail to pay workers a minimum wage.