Tag Archives: National Living Wage

Independents call for urgent business rates reform ahead of Budget

Independents call for urgent business rates reform ahead of Budget

The British Independent Retailers Association (bira) has put forward a three-point solution to help save retailers from crippling under the looming rise in business rates. From April 1, business premises will be revalued, with rates fluctuating depending on these new evaluations – so in any area where property values have increases, businesses will pay more

Nottingham independents depart city centre as retail pressures bite

Three independent Nottingham jewellery retailers have closed in recent weeks, partly due to retail pressures. Stuart Thexton Jewellery, R.O.K Jewellery and Hallam Jewellery have all departed the city centre, Professional Jeweller learned during a visit to meet Nottingham jewellers last week. R.O.K Jewellery, which holds other stores in the area, predominately offered fashion lines and

UK retailers embrace the National Living Wage

UK retail businesses are coming up with innovative ways to adapt to the National Living Wage that could benefit both the business and the employee. According to a new report launched by the UK Commission for Employment and Skills (UKCES), shops have avoided increasing prices and changing staff terms and conditions and instead sought other

Check payslips ahead of National Living Wage changes, goverment urges

The UK government is urging workers to take steps to make sure they receive the new National Living Wage next month, after research reveals nearly one third of people never check their payslips. The warning comes just over a week before the National Living Wage is increased by 50p to £7.20 for workers aged 25

BRC reports 34th consecutive month of shop price deflation

The British Retail Consortium (BRC) has reported a deflation of 2.0% for overall shop prices in February, from 1.8% in January. On a 12-month average basis, the Shop Price Index reported deflation of 1.8%, with  non-food deflation remaining at 3.0% for the third consecutive month. BRC chief executive Helen Dickinson OBE, said: “Within non-food [we]

Wet weather causes small shops sales to sink

A dramatic reversal of fortunes brought to an end an eighteen month run of turnover growth for small shops in the last three months of 2015, according to the British Independent Retailers Association (bira). While local conditions varied across the country, unseasonally warm and wet weather, falling footfall, falling prices, deeper discounting in sales and

Jewellers unfazed by 2016’s national living wage

Last year Chancellor George Osborne announced that a new compulsory national living wage will be implemented in April 2016, yet retail jewellers interviewed by Professional Jeweller believe the wage bill-boosting increase will have a muted impact on the sector. The new National Living Wage will be paid to workers aged 25 or more and will

Read the December 2015 issue of Professional Jeweller online now

The December 2015 edition of Professional Jeweller is available to read online now. This month’s special issue launches the second edition of Professional Jeweller’s annual Collections of the Year. The  Collections of the Year  initiative celebrates the bestselling, commercially successful wholesale ranges that have launched in the past 12 months. From p25 we invite you to discover the 50 stunning

Independent retail grows by 2.35% in Q2 2015

Independent retails are said to have grown by an average of 2.35% in the second quarter of 2015, according to a report by the British Independent Retailers Association (bira). Data suggests only two product sectors suffered falls – fashion and gifts – and even these were only just the wrong side of zero. Retailer anxiety