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Tag: general retail

Women in retail earn £4315 a year less than males

New research has revealed that female managers in the retail sector earn an average of £4315 less a year than their male counterparts. According to new data from the Chartered Management Institute (CMI) and XpertHR, females in the retail industry earn 19.4 per cent less per year. Despite a pay gap of nearly a fifth, it is considerable less than the national average pay gap of 26.8 per cent.

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Almost 600,000 Brits paid less than legal minimum wage

A new report has revealed that 580,000 Brits are probably being paid less than the legal wage rates, with women in part-time jobs the biggest losers. A study by the Low Pay Commission (LPC) found that as many as one in five low-paid workers are receiving less than they are entitled to.






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Potential bomb-making components on Amazon “frequently bought together”

Amazon’s algorithm to suggest similar purchases has been found to offer shoppers bomb-making ingredients when purchasing single chemicals. According to a Channel 4 News report, shoppers who are searching for chemicals harmless on their own are shown ingredients which could be made to build an explosive device in the “Frequently Bought Together” tab. READ MORE : Amazon trials one-hour delivery as part of London Fashion Week Alongside chemicals which could be used to create explosive black powder and thermite, Amazon’s “Customers Also Bought” section offered ball bearings often used as shrapnel in improvised explosives.






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Food prices to skyrocket without tariff-free trade deal says BRC

Average food prices could rise by nearly a quarter if the UK departs from the EU without a tariff-free trade deal, according to new analysis from the British Retail Consortium (BRC).






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1 small business owner a week sent to prison over business rates debts

One small business owner a week has been sent to prison after failing to pay the newly adjusted business rates bills, as the government warns sole traders to pay up or face prison. According to new data compiled by CVS for the Press Association , 54 business owners were sent to prison for up to 90 days for nonpayment of business rates in the year to the end of March. Whereas limited companies face liquidation if they are unable to pay the controversial new rates, sole traders and self-employed businesses face a “disproportionate financial and legal burden” and prison for not keeping up with payments.






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Footfall continues decline in August

Footfall across the UK continued to fall in August as experts warn an “urgent effort is required from policymakers” to stem the decline. According to new data from the British Retail Consortium (BRC) and Springboard, overall footfall fell 1.2 per cent compared to the same period last year, over three times the average quarterly decline and over four times the average 12-month drop. High streets saw the most significant drop in shopper numbers falling 2.6 per cent, a steeper decline than July’s 2.1 per cent.






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Duchess of Cambridge’s pregnancy to spark retail sales boom

The Duchess of Cambridge’s announcement that she is pregnant is predicted to spark a baby boom across the UK, and retailers are preparing to cash in.






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Retail sales boosted by back-to-school but challenges persist

Retail sales have defied persistent pressure from higher inflation thanks to a boost from back-to-school and autumn fashion sales. The latest BRC-KPMG Retail Sales Monitor for August showed like-for-like sales edged up by 1.3 per cent, rebounding from a 0.9 per cent fall in August last year when retailers suffered a blow soon after the Brexit referendum






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UK shelves could be left empty without good Brexit deal

Shelves across the UK could be left bare if the government does not issue additional investment to secure a customs deal with the EU. In a report published this morning, the British Retail Consortium (BRC) has warned that without wider recondition of the complexities of trading with the EU, the availability of affordable quality products in the UK could plummet. The report highlights two key points which could mean that goods like food, which needs to be transported quickly, could be held at customs in ports for two to three days leaving shelves empty.






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60% of BHS stores still vacant as demand for big stores falters

Over half of former BHS stores remain empty a year after the department store chain fell into liquidation, according to new data. Research from the Local Data Company has revealed that 60 per cent of 160 stores shut in August 2016 remain unused. Only 25 of the 160 stores have been taken over by retailers like Primark and Sports Direct, only 35 stores (22 per cent) are expected to have planning permission approved or have new tenants move in.






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