Tag Archives: ACT

‘Buy now pay later’ services being exploited by fraudsters, warns Association of Cycle Traders  

The Association of Cycle Traders has warned that ‘buy now pay later’ services are being exploited by criminals.  Schemes that allow consumers to take home products and pay at a later date have proved hugely popular for younger consumers, but are also somewhat controversial as they pose potential risks to …

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Treasury launches consultation on BNPL regulation

Using non-regulated Buy Now Pay Later (BNPL) services can be like “slipping into quicksand”, a charity has warned, with the Treasury launching a consultation into bringing the sector under regulation. Many BNPL products are becoming increasingly popular among Gen Z’s and Millennials – it is offered widely online by fashion …

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Government extends incentive payments for hiring a new apprentice

The Government has recently announced an extension to its £3,000 incentive payment to employers taking on a new apprentice, with an employment start date from 1st October 2021 to 31st January 2022. This payment is in addition to the existing £1,000 an employer will get for taking on an apprentice …

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FCA fees ‘penalise independent businesses’

The FCA recently announced increases in its base rate fees that will have an ‘unfavourable effect’, particularly on smaller independent retailers, said the ACT. However, retail finance remains the ‘most powerful sales tool available for IBDs’, the ACT added, and correctly used these extra costs can ‘easily be negated’. Applications …

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LBSD 2021 celebrated by 370 bike shops across UK

Local Bike Shop Day 2021 was celebrated by 370 bike shops across the UK, an increase of 37% from the previous year, with some IBDs offering their customers discounted products, free bike services or guided bike rides. Local Bike Shop Day – organised for the industry, by the industry – is …

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LBSD 2021 digital Retailer Promo Pack now available to download

There is now just over two weeks to prepare for this year’s Local Bike Shop Day, taking place on Saturday 28th August. To make preparations as easy as possible for IBDs during this busy time, the ACT has created a digital Retailer Promotional Pack that is available to download here, …

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IRC seeking views on rule changes for businesses selling products to consumers in EU countries

The Independent Retail Confederation (IRC) is seeking urgent input from its members impacted by recent rule changes for businesses selling products to consumers in EU countries. The IRC, a group of industry associations representing over 100,000 indie retail UK businesses, is looking for valuable information it can present to Government. …

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Hubtiger offering exclusive webinar to ACT members

Web and mobile platform Hubtiger is offering an exclusive webinar to ACT members to demonstrate how cycle shops can manage all workshop operations in one app. Hubtiger aims to help bike shops do better business by reducing phone calls to the shop, improving workshop efficiency, increasing revenue and enhancing the …

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