What advice would you give a new retailer?
I received an enquiry from a prospective retailer asking for tips recently. This got me thinking – what are the top things a new shop owner must keep in mind?
Margins: Are you focusing on the wrong thing?
At the Newsagents Federation conference in Birmingham this week, Imperial Tobacco, the UK’s market leader, suggested to retailers that they should focus less on cigarette margins, at 6.6 per cent, and more on…
The tobacco ban is a good thing
The display ban offers indies a huge opportunity. Charles Wilson explains to NFRN conference why independents should be gearing up for 25 months of big profits
Are your shelves working for you?
No matter how large your business, it is your bottom line that matters. Improving the profit from every metre of display space matters.
The Times they are a-changin’
A landmark week in newspaper publishing as News International takes the first step in erecting a paywall at thetimes.co.uk – will it work and others follow suit?
Asda move in on convenience stores
Asda has bought Netto, the discount supermarket chain, for £778million. Reports so far mention Asda trying to muscle in on the convenience store format – but what will this deal actually mean?
Grazia rumours good for business
Grazia for the older lady? There’s speculation that a new weekly fashion title for women over 35 could be heading your way. Do you think it has a chance in your shop?
The fear of all sums
Understanding margins is key in running a profitable business. Some retailers don’t do the maths and end up losing out when running promotions – don’t be one of them!
If music be the food of love, pay on
We all know that to watch a TV we need a licence. But did you know that you need one to play music in your store? This may not be music to your ears – but the fines certainly won’t be.
Three tips from a maverick
Tony Wheeler and his wife created a £90 million business, Lonely Planet, by simply doing what they loved – travelling. Their success tips are interesting reading for local shopkeepers.
21/05/2012
Chander Hingorani — If I am not mistaken, Wonga charge interest in excess of 4000%. And they are not regulated by FSA either....
18/05/2012
Tom Searle — A similar loan for one year from the NFRN Credit Union would cost £66 per £1,000. However, you need...
15/05/2012
Steven Denham — Hi Steve, if you let us know your email address by using the 'Contact Us' button at the top of...
15/05/2012
Steve Parsons — Hi Steve I would be interested in the contact details of your holiday relief.
11/05/2012
Christine — Another book you are persuading me to purchase and get into action.
Philip Hesketh book has helped me in quite a...
