In the past year, incidents of shoplifting across the UK have shot up by a massive 25%, with leading retailers including The Co-operative reporting a loss of £33m in stock across the first six months of 2023. Shoplifting has always been a big concern for retailers; after all, you can’t sell stock that you simply […]
Between the thousands of temporary workers looking to earn a few extra pounds in the run up to Christmas and businesses needing to make sure there are enough bodies on the shop floor, the British retail sector is due to swell by almost 28,000 members of staff over the 2022 festive season. With an increase […]
Historically for most retailers, Christmas has been what it’s all about! Months and months gearing up towards the busiest time of year with so many of us heading to the shops or scouring the internet for that perfect present. 2021 saw one of the biggest festive spends in history – a perfect storm of Christmas […]
There have been so very many surreal moments coming out of 2022’s news bulletins and one of the most jarring had to have been last month’s butter coverage! June saw the price of Lurpak soar to around £9 per kg leading some supermarkets to add security tags to the popular breakfast spread. Lurpak’s parent company Arla explained […]
Stocktaking is so much more than simply totting up what you’ve got sitting in your stock room. Done properly, an effective stocktake can provide an incredibly valuable snapshot of your business at a point in time. This snapshot can then inform your commercial decisions going forward, helping you keep tight control over your bottom line: more important […]
Whether through human error, shoplifting or employee theft, any stock loss will always have a significant impact on your bottom line. It can be easy to feel somewhat overwhelmed at trying to protect your business from the impact of something that has so many variables too – will you ever be able to reduce that stock […]
Shoplifting already costs retailers some £2.5. billion each and every year – a combination of stock loss, paying for enhanced security and prosecuting offenders. And of course, during times of economic downturn shoplifting increases spectacularly. In fact during the last quarter, retailers are reporting anecdotally that shoplifting rates are ‘off the charts’. Just because shop […]
The UKs cost of living crisis has dominated headlines and bottom lines so far this year and it shows no signs of letting up any time soon. Alongside yet another interest rate rise this month, an increasingly gloomy Bank of England predicted that inflation will peak at 10.2% towards the end of 2022. With wages […]
It’s hard to forget those empty shelves and ‘out of stock’ pop ups of early 2020. Heightened demand as we all faced the prospect of months on end at home led to product shortages left right and centre. You could be forgiven for thinking that the world and our access to all of the things […]
If there was ever any doubt, the last few years have really highlighted that the British high street is not exempt from the impact of events further afield than our small island’s shores. The war in Ukraine has further increased economic uncertainty right here in the UK at a time when businesses – particularly small […]
We’re all human; we have good days, bad days, stressful days and… sick days! Those are things that we all have in common, so it will come as no surprise that stock loss is often as the result of human error, mistakes and even theft (from both customers and staff members). The impact of stock […]
At a time when the price of everything is rising fast – from energy to a packet of biscuits – now is the time that small businesses really need to be focussed on the bottom line. It’s so easy to wrongly assume that cutting stocktaking costs will save money during tough times. In reality, stocktaking […]
As we enter 2022, Coronavirus continues to wage its war on a retail sector it has altered beyond recognition over the last 24 months. At the height of the first lockdown, online sales naturally surged by an enormous 129% as consumers adapted to life at home. Although things have started to balance out a little, […]
Lockdown after lockdown during the unforgettable year that was 2020 altered the retail landscape beyond all recognition, making it a scarily unpredictable place. Shops closed, businesses moved online and consumer shopping trends in the UK shifted massively towards those things designed to make life at home more bearable – dumb bells, garden furniture and a […]
Christmas is undoubtedly one of the most important and potentially profitable times of the year for any retailer. In order to take full advantage of the opportunities that arise, it’s vital that you not only sell lots of stock, but also maximise the amount of margin you make on every single item. If there’s one […]
For many retailers Christmas really is the dream, with the vast majority of us heading to the shops or frantically searching online to find that perfect present for a loved one at this time of year. Although Christmas sales figures slumped slightly last year (£79.7 billion spent vs £83.13 billion in 2019), due in no […]
There isn’t an electronic device around that doesn’t need a microchip to function; everything from the tiniest smartphone to the biggest factory circuitry rely on them! When you think of modern technology, it’s not surprising that the ever-evolving car industry is therefore one of the most prolific adopters of microchip technology today. From the satellite […]
It seems like ages ago that the boat that launched a thousand memes wedged itself firmly in the Suez Canal clogging up news feeds and supply chains the world over. The planet’s media may very well have moved on, but the backlog hasn’t been quite so easy to shift with ports everywhere working at hyper […]
Staff turnover in the retail sector outstrips every other industry time and time again. In 2019 – pre pandemic – turnover reached a peak of 76% throughout the consumer retail industry. That’s three out of four people leaving their job! Despite those astronomical figures, it would be no surprise if they are eclipsed when the […]
Who can forget those early days of the pandemic when no-one really knew what was coming, where we’d end up or what we might need to get our hands on along the way? The panic buying started in earnest very quickly; we were all running to the shelves for essential items such as toilet roll, […]
In the past year, incidents of shoplifting across the UK have shot up by a massive 25%, with leading retailers including The Co-operative reporting a loss of £33m in stock across the first six months of 2023. Shoplifting has always been a big concern for retailers; after all, you can’t sell stock that you simply […]
Between the thousands of temporary workers looking to earn a few extra pounds in the run up to Christmas and businesses needing to make sure there are enough bodies on the shop floor, the British retail sector is due to swell by almost 28,000 members of staff over the 2022 festive season. With an increase […]
Historically for most retailers, Christmas has been what it’s all about! Months and months gearing up towards the busiest time of year with so many of us heading to the shops or scouring the internet for that perfect present. 2021 saw one of the biggest festive spends in history – a perfect storm of Christmas […]
There have been so very many surreal moments coming out of 2022’s news bulletins and one of the most jarring had to have been last month’s butter coverage! June saw the price of Lurpak soar to around £9 per kg leading some supermarkets to add security tags to the popular breakfast spread. Lurpak’s parent company Arla explained […]
Stocktaking is so much more than simply totting up what you’ve got sitting in your stock room. Done properly, an effective stocktake can provide an incredibly valuable snapshot of your business at a point in time. This snapshot can then inform your commercial decisions going forward, helping you keep tight control over your bottom line: more important […]
Whether through human error, shoplifting or employee theft, any stock loss will always have a significant impact on your bottom line. It can be easy to feel somewhat overwhelmed at trying to protect your business from the impact of something that has so many variables too – will you ever be able to reduce that stock […]
Shoplifting already costs retailers some £2.5. billion each and every year – a combination of stock loss, paying for enhanced security and prosecuting offenders. And of course, during times of economic downturn shoplifting increases spectacularly. In fact during the last quarter, retailers are reporting anecdotally that shoplifting rates are ‘off the charts’. Just because shop […]
The UKs cost of living crisis has dominated headlines and bottom lines so far this year and it shows no signs of letting up any time soon. Alongside yet another interest rate rise this month, an increasingly gloomy Bank of England predicted that inflation will peak at 10.2% towards the end of 2022. With wages […]
It’s hard to forget those empty shelves and ‘out of stock’ pop ups of early 2020. Heightened demand as we all faced the prospect of months on end at home led to product shortages left right and centre. You could be forgiven for thinking that the world and our access to all of the things […]
If there was ever any doubt, the last few years have really highlighted that the British high street is not exempt from the impact of events further afield than our small island’s shores. The war in Ukraine has further increased economic uncertainty right here in the UK at a time when businesses – particularly small […]
We’re all human; we have good days, bad days, stressful days and… sick days! Those are things that we all have in common, so it will come as no surprise that stock loss is often as the result of human error, mistakes and even theft (from both customers and staff members). The impact of stock […]
At a time when the price of everything is rising fast – from energy to a packet of biscuits – now is the time that small businesses really need to be focussed on the bottom line. It’s so easy to wrongly assume that cutting stocktaking costs will save money during tough times. In reality, stocktaking […]
As we enter 2022, Coronavirus continues to wage its war on a retail sector it has altered beyond recognition over the last 24 months. At the height of the first lockdown, online sales naturally surged by an enormous 129% as consumers adapted to life at home. Although things have started to balance out a little, […]
Lockdown after lockdown during the unforgettable year that was 2020 altered the retail landscape beyond all recognition, making it a scarily unpredictable place. Shops closed, businesses moved online and consumer shopping trends in the UK shifted massively towards those things designed to make life at home more bearable – dumb bells, garden furniture and a […]
Christmas is undoubtedly one of the most important and potentially profitable times of the year for any retailer. In order to take full advantage of the opportunities that arise, it’s vital that you not only sell lots of stock, but also maximise the amount of margin you make on every single item. If there’s one […]
For many retailers Christmas really is the dream, with the vast majority of us heading to the shops or frantically searching online to find that perfect present for a loved one at this time of year. Although Christmas sales figures slumped slightly last year (£79.7 billion spent vs £83.13 billion in 2019), due in no […]
There isn’t an electronic device around that doesn’t need a microchip to function; everything from the tiniest smartphone to the biggest factory circuitry rely on them! When you think of modern technology, it’s not surprising that the ever-evolving car industry is therefore one of the most prolific adopters of microchip technology today. From the satellite […]
It seems like ages ago that the boat that launched a thousand memes wedged itself firmly in the Suez Canal clogging up news feeds and supply chains the world over. The planet’s media may very well have moved on, but the backlog hasn’t been quite so easy to shift with ports everywhere working at hyper […]
Staff turnover in the retail sector outstrips every other industry time and time again. In 2019 – pre pandemic – turnover reached a peak of 76% throughout the consumer retail industry. That’s three out of four people leaving their job! Despite those astronomical figures, it would be no surprise if they are eclipsed when the […]
Who can forget those early days of the pandemic when no-one really knew what was coming, where we’d end up or what we might need to get our hands on along the way? The panic buying started in earnest very quickly; we were all running to the shelves for essential items such as toilet roll, […]
