{$inpagemarkup}

Search News

Results: 41-50 of 675


Community rallies around shop owner’s appeal after ‘devastating’ break-in

14 Aug 2024

A shop owner in Bramley, West Leeds, has thanked kind-hearted members of the community after her shop was targeted by burglars.
Read more…

National and local governments called on to invest in the repair of the retail sector after recent riots.

14 Aug 2024

The recent wave of civil unrest in the has dealt a severe blow to the UK retail sector, with high-street stalwarts and independent stores alike bearing the brunt of the violence.
Read more…

'You have to put in 110% to make a living' says independent retailer

14 Aug 2024

BBC Norfolk has highlighted small businesses calling for more support to help them increase their presence in the High Street.
Read more…

150 UK small business grants you could apply for right now

14 Aug 2024

If you need some funding for your small business, website smallbusiness.co.uk has produced a list of grants you could apply for, wherever you're based in the UK.
Read more…

Retail inflation remains low as clothing and footwear prices keep falling

5 Aug 2024

Annual shop price inflation remained at 0.2% in July, according to the BRC-NielsenIQ Shop Price Index, the lowest rate since October 2021. Non-food prices remained in deflation, with an annual... Read more…

Men who stole thousands from small businesses sentenced

5 Aug 2024

Two men have been handed suspended sentences after stealing thousands of pounds from small businesses during a card-machine scam.
Read more…

Swansea shop stops selling luxury items as thefts rise

5 Aug 2024

Tying down products and stopping selling high-end items are among the measures one shop owner has taken amid a rise in shoplifting.
Read more…

The Ice Cream of the Crop on Merseyside wins two more awards

5 Aug 2024

A family-run business that "people come from everywhere" to visit has won two awards. John Hughes is the proud owner of West Kirby's Ice Cream Shop which specialises in creating every... Read more…

Small shop owners reject government’s Work from Home policy, warning they may lose 60% of customers

5 Aug 2024

Workers' rights plans guaranteeing the right to flexible working whenever feasible has led to small shop owners voicing strong concerns about its potential impact on their businesses.
Read more…

Pudsey shop gets into festive spirit early to support people on their ow

22 Jul 2024

It may only be July – but a shop in Pudsey is getting into the Christmas spirit by announcing festive plans to support people who will be by themselves.
Read more…

Back to news menu

Euro 2024 predicted to deliver multi-million-pound boost for independent retailers

Posted on in Business News

Research from the British Retail Consortium (BRC) has suggested 6% of shoppers will buy a new TV or electronic device during the Euros, 4% will purchase official merchandise and nearly 10% will host gatherings.

Football

It also stated that the Euro 2024 football tournament is estimated to be worth £2.75 billion and bira (the British Independent Retail Association) believes the tournament could prove to be the biggest signing of the season for stores and retailers.

Jeff Moody, Commercial Director of Bira Group, said: “The Euros arriving in the summer months is fantastic timing for independent retailers after a challenging period. With favourable kick-off times aligning with the sunshine, we’re expecting pubs, hospitality businesses, convenience stores and electrical retailers in particular to cash in as fans flock to watch the matches.”

The £2.75 billion spending prediction surpasses the £2 billion boost from the 2022 World Cup. With Euro 2024 held in summer at favourable kick-off times, millions are expected to enjoy drinks in pub gardens and outdoor venues.

According to the BRC survey, 13% of people plan to spend more on groceries, beer, wine, spirits, and takeaways for the Euros. Younger generations, particularly 18 to 24-year-olds, are the most likely spending drivers, with 24% planning increased grocery spending compared to just 4% of over-55s.

Mr Moody added: “An England or Scotland run to the latter stages would provide an even bigger boost. It’s crucial this feelgood factor translates into more sales for all types of independent retailers as consumer confidence returns.

“We’re calling on whichever party forms the new government to support measures to revitalise our high streets and invest in the independent retail community.”

Back to news menu

Useful links

If you have any other queries please contact us.