The recent 2018 UK Payment Markets report shows that in 2017, 13.2 billion debit card payments were made compared to 13.1 overall billion cash payments. The publishings show that more people spend their money with card payments instead of having cash in hand.
The retail industry has been very fickle in its success and decline during 2017 and 2018. Multiple retail chains appear to be in trouble, recently Marks & Spencer announced they will be closing 100 stores, shortly after Toys R Us have gone into administration.
Barclays, one of the largest banks in the UK and in over 40 countries, has released a new campaign to encourage children to know more about charity donations. The famous bank has launched a new guide to understanding philanthropy, which aims to encourage families to have more discussions about charitable raising and giving.
The British Retail Consortium (BRC) has reported sales in the retail industry have risen by a total of 4.7% in May 2018, when compared to the same month last year. This is promising news as for the past few months reports have suggested high street retail is slowly declining, due to more interest in their competition of online shopping.
The first charity shop was opened in Oxford in the year 1948 and has positively transformed high streets across the UK. It’s common to spot charity shops in every high street in England, but according to research published by the Charity Retail Association, 50% of the general public feel there should be less. But how could people feel negative about charity shops raising money for people in need?
Organisers British Marine have announced that The London Boat Show will not go ahead in 2019 due to lack of support from the marine industry. The show was scheduled to run at ExCel between the 9th – 13th of January, though the decision has been made that the show will now be postponed to allow for the development of new ideas.
Have you recently opened your own retail coffee shop? Or are you just browsing the market for insurance policies that your store would benefit from? At Alan and Thomas, we have a variety of different insurance policies that suit particular industries and retail stores. We recommend three main insurance policies for coffee shops that include legal liability, property damage, and equipment breakdown insurance.