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3 Feb 2022

The White Paper itself includes underlying policy plans to invest in cycling networks and improve high streets

1 Feb 2022

A key objective for this year involves targeting people that are new to the industry and encouraging them to visit their friendly local bike shop

31 Jan 2022

Members of the cycling trade are meeting up this Friday (4th Feb) at a London pub "for a beer and a bit of a chinwag".

31 Jan 2022

Retailers trading in Scotland and/or Wales are reminded to check their eligibility for business rates relief from April.

31 Jan 2022

A key part of the vision will be encouraging the people of Scotland to make greater use of public transport, cycling and other forms of active travel

27 Jan 2022

Business booms by 30% when people cycle to the high street*. But they need somewhere to park. The HUDJO app gives cyclists easy access to a network of friendly hosts that provide secure and...

27 Jan 2022

 Based within ZyroFisher's Head Office, one of the country's leading distributor of cycle parts, accessories and clothing, this brand new workshop is the latest addition to the expanding...

25 Jan 2022

Located in the geographic centre of Cornwall, Devon and South Somerset in Liskeard, Fully Charged Cornwall is ideally suited for all major-routes in the South West up to Taunton in the North and...

20 Jan 2022

Getting qualified to a minimum of Cytech theory one is key for every cycle trade employee, and with up to 2/3 discount it's never...

17 Jan 2022

Thereis now less than three months until all VAT-registered retailers are required to submit quarterly VAT updates and annual returns via the government's Making Tax Digital (MTD) system....

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Experts advise indie retailers to "buy stock now" for Christmas

Posted on in Business News , Cycles News

A shelvesrecent article featured in Forbes written by Catherine Erdly, Small business retail expert and founder of The Resilient Retail Club, has advised independent retailers to plan ahead this Christmas, especially with regard to e-commerce, stock quantities and COVID restrictions.

E-commerce continues to dominate

Andrew Goodacre, CEO of the British Independent Retailers Association (BIRA) and member of the Independent Retailers Confederation (IRC) highlights that online shopping has more than doubled its share of retail sales in the last 18 months.

Alex Ryan, Consumer Products Marketing Consultant and owner of Marketing 101 also emphasizes the importance of selling online but stresses the need for small businesses to regularly test their websites.

"Busy websites can break or get overloaded, and there's nothing more frustrating than checking your sales on a Monday morning to discover your payment gateway snapped on Friday night" he says via email.  He also notes that this is not the time to make changes to websites, until "after the January sales".

Disruption in the supply chain ahead

As small businesses plan out their Christmas sales strategies and targets, understanding what customers' spending habits might be this year is key.

Consumers are likely to make Christmas extra special this year after many being away from loved ones during Christmas 2020. Goodacre foresees a "bumper time for retailers with demand being higher".

However, one of the looming issues this year, threatening to "ruin Christmas" will be shipping and supply. In order to meet their customer's needs and therefore boost sales, businesses need to plan ahead, especially with regard to stock quantities. Goodacre clarifies: "The real challenge for the retailer is the supply chain and ensuring that the stock is available at the right time - so look to buy stock now and start the marketing for the festive period now. It is likely that Christmas shopping may start earlier than usual, especially if the difficulties in the supply chains continue".

Safety first

No Christmas outlook advice can be shared without mentioning COVID guidelines. Small businesses involved in any face-to-face experiences with their customers, whether a physical store, Christmas markets or events must be fully compliant with any government advice, particularly around public safety.

The Christmas 2021 outlook is positive for small businesses, with many customers ready to make it a year to remember after the disappointment of 2020. However, for retail businesses to make the most of this opportunity, they need to take into account and plan for the challenges of supply chain disruption, shipping delays and the need to protect themselves, and customers, from the impact of COVID.

 

 

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