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.
As part of a company overhaul, 4,600 jobs at Rolls-Royce are to be axed over the next two years in order to save £400 million a year by 2020.
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.
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.
The GDPR deadline is approaching and it's going to have some serious effects on how retail businesses handle their customers’ data . Despite being less than a month away, the majority still aren’t ready for the new legislation, with 57% of 101 retailers revealing in a recent survey that they were not fully prepared.