Tag Archives: retail

Three bike shops shortlisted for Best Small Shop 2020

Elmy Cycles, Pennine Cycles and Recycle York have been named on the shortlist of retailers in the running to be named Britain’s Best Small Shop of 2020. Elmy Cycles is an independent bicycle retailer in Ipswich which remained open from the first day of lockdown in March, adapting and changing …

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ACT restructures to focus more on retailers’ needs

The Association of Cycle Traders (ACT) is restructuring to become more focused on the needs of retailers. By closely aligning the ACT with the many trade organisations and sectors that make up the Independent Retailers Confederation (IRC), it will be working with over 100,000 independent retailers engaging Government, business and …

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September sees “big improvement” in retail sales growth

The BRC has released figures covering the five weeks from 30th August-3rd October 2020, showing a sales increase of 5.6% on a total basis. In September, UK retail sales increased 6.1% on a like-for-like basis from September 2019, when they had decreased 1.3% from the preceding year. Over the three …

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Helping bike shops in a busy time for the cycling industry

Schwalbe recently launched a volunteer programme to assist retailers experiencing a surge in business – particularly with services and repairs. Rebecca Morley finds out how it has helped stores during a busy period for the cycling industry

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UK footfall decreases by 30% in September

UK footfall decreased by 30.1% year-on-year in September, according to BRC-ShopperTrak data. This was only a 4.7 percentage point improvement from August and remains below the longer-term 12-month average decline of 30.3%. Footfall on high streets declined by 36.9% year-on-year. They were the most negatively affected location in September, again …

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Pearson moves all operations to Sheen, Balfe’s Bikes now occupying Sutton site

Pearson has moved all operations to its Sheen store in west London, after more than a century and a half in Sutton. Supported by its expanding online store, pearson1860.com, this will allow the company to focus on its own high-performance bikes and clothing, it said, as well as premium bike …

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Halfords forecasts H1 pre-tax profits of £55 million as cycling momentum continues

Halfords has reported continued growth in cycling, up 46% like-for-like in the five-week period to 25th September. H1 profit before tax is expected to be in excess of £55 million, as a result of the momentum in cycling and motoring products and services. The retailer’s 20-week trading update on 8th …

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Small Business Saturday launches new virtual roadshow

Small businesses across the UK are being offered a new package of support and mentoring, as Small Business Saturday UK launches an online roadshow for towns and cities affected by the pandemic. Launching on 2nd November with daily ‘virtual visits’ to small businesses and communities in over 30 locations across …

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Cyclescheme reduces commission to 8.33% excluding VAT

Cyclescheme has announced a reduction in retailer commission rates. Effective from today, 28th September, on any unredeemed e-certificate, Cyclescheme commission has been reduced to 8.33%, excluding VAT, for all bikes, accessories and helmets. From the beginning of November, a commission cap will be introduced on Cyclescheme e-certificates above £3,000 RRP, …

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