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Consumer confidence shows ‘renewed optimism’ against falling core inflation

29 Aug 2023

Consumer confidence is showing “renewed optimism” against a backdrop of falling core inflation, new figures suggest.
 
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Coventry shop owners launch street market to bring more people into the area

29 Aug 2023

Shop owners in a part of Coventry have rallied together to launch a street market, with hopes of boosting the number of people that visit the area.
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Indies drinks retailers short-changed in government duty consultation

16 Aug 2023

Independent quality drinks retailers were woefully underrepresented among those consulted by government over the duty changes now hitting businesses, it has been claimed, after industry magazine... Read more…

Online bookshop hits £3 million for independent sellers

16 Aug 2023

Online bookshop Bookshop.org has reached its target of raising £3 million in profit for independent booksellers in its fight for them to “thrive in the world of ecommerce”.
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Indie craft baker takes home five Great Taste Awards after only 16 months in business

15 Aug 2023

A start-up craft baker from south-east London who sells his produce at local food markets has taken home five Great Taste Awards after only 16 months in business.
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A fifth of Brits prefer using mobile phones to make payments in shops.

8 Aug 2023

One in five UK consumers (20%) prefer using mobile payment services such as Apple Pay over cash (17%) or chip & PIN card payments (10%) for in-store purchases, a new survey has reported.
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New Consumer Duty comes into force

1 Aug 2023

In what the Financial Conduct Authority has described as “a step change in standards of consumer protection” new Consumer Duty regulations have come into force for all products and... Read more…

US audiobook platform Libro.fm launches to indie bookshops in UK

1 Aug 2023

Independent bookshops in the UK can now sell audio books through Libro.fm. Launching in the last couple of weeks in the UK, the digital audio book platform, which already partners with... Read more…

From Cash to Contactless – IRC Leads Study on Payment Trends in Retail

31 Jul 2023

The Independent Retailers Confederation (IRC) will be working with key financial institutions within the UK to gauge the shift in retail payments.
 
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Retailers call for CCTV grants as shoplifting rises 24% year on year

31 Jul 2023

Independent retailers are calling on the government to offer security grants so that stores can be better equipped to deal with shoplifting, which has risen by a quarter in England and Wales in... Read more…

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Retailers call for CCTV grants as shoplifting rises 24% year on year

Posted on in Business News

Independent retailers are calling on the government to offer security grants so that stores can be better equipped to deal with shoplifting, which has risen by a quarter in England and Wales in the year to March 2023, according to figures from the Office for National Statistics.

CCTV camera

Speaking to Convenience Store magazine, the national president of the Federation of Independent Retailers (the Fed) Muntazir Dipoti said: “Shop theft is not victimless. It blights the lives of independent retailers on a daily basis and has significant implications for a store’s viability.”

Mr Dipoti, who owns Todmorden News in Calderdale, West Yorkshire, added that as many retailers failed to report shop theft because of poor police responses, the scale of the problem could be much worse.

“Retailers are disillusioned by the lack of police action when crimes are committed so they do not report them. It is, therefore, possible that the number of cases of shop theft over this period could be even higher.”

He said: “Tackling shop theft has to be given the energy and priority it deserves from the police and the justice system and independent retailers should be given financial support so they can invest in better-quality CCTV to protect them, their staff and their businesses.”

The Fed’s decision to push the government for grants to improve their security systems was taken at its Annual Conference in June where delegates spoke of the need for quality CCTV images for police to successfully gain prosecutions. However, they warned that good quality systems were expensive to buy.

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